Controlling & Management Review

, Volume 59, Issue 5, pp 29–37 | Cite as

Asset-based Budgeting in Practice

  • Kristof MahieuEmail author
  • Shana Vroman
  • Philip Calluy
Spektrum BASF

BASF wants its controllers to become real business partners to the company’s managers. In order to promote this idea, the Business Partnering Award was created. In 2014, the award went to BASF Antwerpen where the winning team had developed a most interesting technique of asset-based budgeting.

BASF celebrates its 150th anniversary this year. The company has been seeking and finding solutions to global challenges since its founding. The needs of society have changed since 1865, and BASF and its business operations have changed with them. Research and innovation are still the key to success, but the role of controlling has also changed over the years.

Today, controllers are seen as a proactive part of their respective management teams — be it in a business unit, a division, a function, or in a region — at eye level with managers from the operating business. This is also what is written in BASF’s “Controller Mission”, which is well known throughout the whole controlling community and...


Business Unit Cost Category Budget Process Work Breakdown Structure Maintenance Department 
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Copyright information

© Springer Fachmedien Wiesbaden 2015

Authors and Affiliations

  1. 1.BASF SELudwigshafenGermany
  2. 2.BASF Antwerpen NVAntwerpenBelgium

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