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Why do organizations have budgets? 2. Why did Borealis decide to abandon budgets? 3. Describe the new process that Borealis implemented to replace the budget.

Why do organizations have budgets? 2. Why did Borealis decide to abandon budgets? 3. Describe the new process that Borealis implemented to replace the budget. What are its strengths and weaknesses? 4. Would the new set of processes work in other companies, particularly US companies?

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