Most budget processes, especially in service organizations and administrative functions of most organizations, take the form of static budgets. These static budgets are usually founded on a set of assumptions determined several months before the anticipated budget period. In our current economic environment characterized as chaotic, conflict-ridden, increasingly complex, and constantly, changing the value of a static budget is questionable. Discuss the dangers of managing a static budget and the potential budgets of embracing a flexible budget orientation. Use documented or personal examples where available.