Managing Decentralized Organizations Without Budgets 💼

This coursework explores the historical evolution and organizational strategies of a company founded in Stockholm in 1871. It highlights its centralized multidivisional model and dependency on budget-based decision-making. A crisis in the 1960s sparked a shift towards decentralization under Dr. Jan Wallander, introducing innovative control mechanisms that emphasized independent profit centers, transparency, and customer focus. The study analyzes achievements under this model, including...