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Can you please explain:
– Dual pricing
– Is beyind budgeting more time consuming and costly than traditional budgeting and why?
– why is traditional budgeting a barrier to benchmarking, balanced scorecard and ABM?
Thank u
Dual pricing is where the are two transfer prices set. One in the accounts of the sending division, and a different one in the accounts of the receiving division.
There is no reason why a beyond budgeting approach should be more time consuming/costly – more likely the reverse.
I would not call it a barrier. However traditional budgeting is basing estimates on past history instead of focusing on the future and comparing with other companies etc..
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