Coloplast axed traditional budgeting process: "It wasn't promoting growth"
The Covid-19 pandemic has shown that the budgeting process can quickly become redundant. A lesson Coloplast had already learned from the financial crisis.
BY LEONORA BECK AND SIGNE FERSLEV, TRANSLATED BY DANIEL PEDERSEN
Before 2009, Coloplast's budgeting process often took up to half a year, seizing the time and effort of countless key people in the organization.
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