After reading the article, I have a better understanding of why a company
would choose to forego a budget. a The idea behind the budget is to anticipate
future performance. a As mentioned in the article budgets are inflexible. a By
using a forecasting budget, as described a company will prepare a 2-3 month
projected performance. a At the end of the projected timeframe the company
can see if they are on target or not. a By doing this it allows for flexibility and
ease of updates/changes.
Rygelski, M. (2018, January 5). Council post: Budgets don't work: Here's how
businesses can do it differently. Forbes. Retrieved May 29, 2022, from
https://www.forbes.com/sites/forbesfinancecouncil/2018/01/05/budgets-dont-
work-heres-how-businesses-can-do-it-differently/?sh=79621b1746b8
