Borealis
Jorgensen, Bjorn N.; and Kaplan, Robert
(2001)
Borealis.
Technical Report.
Harvard Business School, Department of Law, Boston, USA.
When Borealis, a European producer of plastics, used a traditional, time-consuming budgeting process, the budget was quickly out of date in a competitive environment characterized by continually changing input and output prices and dynamic market conditions. This case describes the process that led Borealis to replace its budgets with four targeted management tools: rolling financial forecasts, Balanced Scorecard, activity based costing, and investment management. It also discusses the process of implementing the new measurement and control systems.
| Item Type | Report (Technical Report) |
|---|---|
| Keywords | activity based costing and management,budgets and budgeting,forecasting and prediction,investment,governance controls,balanced scorecard,management systems,manufacturing industry,Europe |
| Departments | Accounting |
| Date Deposited | 05 Aug 2013 14:15 |
| URI | https://researchonline.lse.ac.uk/id/eprint/51419 |