INNOVATIVE CONCEPTS OF BUDGETING IN THE ENTERPRISES (Innowacyjne koncepcje budzetowania w przedsiebiorstwach)

The article presents the current concepts of budgeting with the special focus on innovative budgets. It includes the evolution of the budgeting concept starting from the traditional one which was applied in the second half of the 20th Century and assumed the budget as the main tool for the achievement of company's goals. The next presented method is Better Budgeting. It arouse at the nineties as the response for the critics of the traditional method which was accused for the fixed assumptions which were no longer matching with the fast changing competitive environment. This method assumed the high level of budget preparation as he opposite to the detailed level as well as shorter planning period. The Beyond Budgeting was the most radical method and eliminated budget as the tool supporting the management; the concept has been used from the nineties until today, by more than seventy multinational companies from beyond budgeting round table. However, Beyond Budgeting was also criticized for not being applied in the industrial sector and too theoretical approach. Therefore, Ronald Gleicha from European Business School, established a working group, which includes the scientists and managers, in order to create by mid of 2009, the new and optimal method, which is called Modern Budgeting.