Rola budżetowania operacyjnego w „erze” informacji

Abstract

Short term budgeting has its advocates as well as opponents. In recent years there has been growing criticism especially with respect to the usefulness of the annual operatingfinancial budget as an instrument for business management. The aim of this study is to present major drawbacks of traditional budgets, arguments of proponents of management without the aid of budgeting in the information era and conclusions which they formulated in the course of research activities sponsored by CAM-I. The article also discusses the role played by budgets in the creation of value based on internal (operating) efficiency of an enterprise and points out their lack of relevance to creating value for shareholders, arising from external efficiency of a business entity.