The managerial tool of flexible budgeting usually is presented as a large business application. The purpose of this paper is to present flexible budgeting as a practical tool that also has utility for the small business. Flexible budgeting is introduced by way of comparison with static budgeting, and its central ingredients are discussed. Then practical implementation difficulties are identified followed by their suggested resolution. Finally, several applications are suggested for the small business.
American Journal of Small Business – SAGE
Published: Apr 1, 1982