The president of a fast-growing high-tech firm remarked, Developing budgets and comparing performance with the budgets may
Question:
The president of a fast-growing
high-tech firm remarked, “Developing budgets and comparing performance
with the budgets may be fine for some firms. But we want to encourage innovations
and entrepreneurship. Budgets go with bureaucracy, not innovation.”
Do you agree? How can a management control system encourage innovation
and entrepreneurship?
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Related Book For
Management Accounting
ISBN: 9780367506896
5th Canadian Edition
Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Howard D Teall, George Gekas
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