DOI: 10.5176/2010-4804_2.1.156
Authors: Robert C. Rickards, Rolf Ritsert
Abstract:
Advocates of rolling planning instruments believe they are superior to traditional, static tools. Using them therefore should improve controllers’ forward visibility. Yet only a minority of enterprises employs them. This study briefly compares and contrasts traditional controlling tools with their rolling counterparts. It then considers why many enterprises have failed to adopt rolling planning instruments and presents a strategy that might facilitate their doing so.
Keywords: business drivers, controlling, forward visibility, rolling budgets, rolling forecasts, scenario analysis
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