Critically discuss the criticisms of traditional budgeting and evaluate the two approaches

Given the criticisms of budgeting, there are currently two practice-led approaches which are to improve budgeting or to abandon it (Seal et al, 2015). Source: Seal, W., Rohde, C., Garrison, R. & Noreen, E. (2015). Management Accounting 5th Edition, McGraw-Hill Critically discuss the criticisms of traditional budgeting and evaluate the two approaches. A good report is one that meets both the descriptive and reflective/critical requirements of the question and well support with relevant academic literatures, and where appropriate, real-life cases. (we currently have done with some literatures for this but we need some real-life case study to apply on this assignment. Therefore, please concentrate on providing me some good case study,we don't need too much literatures or definitions for this paper.