If Borealis, a European producer of plastic, a traditional, time-consuming use budgeting, the budget was marked obsolete quickly in a competitive environment of constantly changing input and output prices and dynamic market conditions. This case describes the process of Borealis replace their budgets with four specific management tools out: rolling financial forecasts, balanced scorecard, activity-based costing and investment management. It also discusses the process o … Read more »
If Borealis, a European producer of plastic, a traditional, time-consuming use budgeting, the budget was marked obsolete quickly in a competitive environment of constantly changing input and output prices and dynamic market conditions. This case describes the process of Borealis replace their budgets with four specific management tools out: rolling financial forecasts, balanced scorecard, activity-based costing and investment management. It also discusses the process of implementation of the new measuring and control technology.
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Robert S. Kaplan,
Bjorn N. Jorgensen
Source: Harvard Business School
17 pages.
Release Date: 03 Dec, 2001. Prod #: 102048-PDF-ENG
Borealis HBR case solution
