Notice of RetractionResearch on budgeting and abandoning budgeting for management

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Budgeting as a short-term plan in companies is benefit for operating the organization, including the planning, coordinating, communicating, motivating, controlling and evaluating. However, some people think that “budgeting are barriers to change in companies that wish to devolve responsibility and respond more quickly to competitive threats and opportunities”. This paper analyzes above view point, and then discusses the solutions for budgeting problems, whether adopting better budgeting or abandoning budgeting. Finally, we give the opinions on this problem: not all the companies are fit for adopting beyond budgeting, because some departments of firm should be controlled under the budgeting, such as producing department, and the feasibility of beyond budgeting is another problem in the companies. Whether the traditional budgeting, better budgeting or beyond budgeting adopted, their effectiveness and efficiency depend on the complexity of the context in which they are used.