Skip to content

An introduction to Beyond Budgeting - Business Agility in practice

Photo of Gene Gendel
Hosted By
Gene G.
An introduction to Beyond Budgeting - Business Agility in practice

Details

ZOOM: https://zoom.us/j/629863450?pwd=cURlWGprQklacGhNb0JLcGZSLzBLQT09 (zoom limit is 100 ppl)

If time permits, please review some of the snippets from his book, collected by me (Gene is here), here:
http://www.keystepstosuccess.com/2016/08/implementing-beyond-budgeting/

BIO:

Bjarte Bogsnes has a long international career, both in Finance and HR. He is a pioneer in the Beyond Budgeting movement, and has been heading up the implementation of Beyond Budgeting at Equinor (formerly Statoil), Scandinavia’s largest company. He led a similar initiative in Borealis in the mid-nineties, one of the companies that inspired the Beyond Budgeting model.

Equinor realized that traditional leadership and management practices no longer work in today’s competence organizations operating in business environments more complex, dynamic and unpredictable than ever. The company implemented innovative alternatives to traditional management, like abolishing traditional budgets and calendar-based management in favour of more decentralized, agile and human processes.

Bjarte is Chairman of Beyond Budgeting Roundtable (BBRT). senthil@venusgeo.com
He is a popular international business speaker and is the winner of a Harvard Business Review/McKinsey Management Innovation award.
https://www.managementexchange.com/feature/m-prize-winners

Bjarte is also author of "Implementing Beyond Budgeting - Unlocking the Performance Potential", where he writes about his almost twenty-five years long Beyond Budgeting journey.
https://www.amazon.co.uk/Implementing-Beyond-Budgeting-Unlocking-Performance/dp/111915247X/ref=sr_1_1?ie=UTF8&qid=1545902479&sr=8-1&keywords=bogsnes

Quotes from Bjarte's book "IMPLEMENTING BEYOND BUDGETING: UNLOCKING THE PERFORMANCE POTENTIAL: "
http://www.keystepstosuccess.com/2016/08/implementing-beyond-budgeting/

====================================================

====================================================

AGENDA:

The level of VUCA; volatility, uncertainty, complexity and ambiguity in our business environments is at a record high. People also expect more from work than just a paycheck. How can we enable performance in these new business and people realities? How can we create more VUCA-robust management models, which also works with and not against human nature? How can we create a more engaging work environment, where people perform at their best because they want to, not because they are told to?

This workshop will address how key principles in the Agile manifesto can work in running an entire organisation, where people and interactions are more valued than processes and tools, and where responding to change is more important than following a plan. You will get unique insights into Business Agility in practice, both from a managerial, financial and human perspective. You will benefit from Bjarte Bogsnes’ extensive experience. He has helped companies all over the world getting started on a Beyond Budgeting journey, including his employer Equinor (formerly Statoil) – where the budget (and much more) was kicked out in 2005. This and many other great case stories and practical examples will be shared.

Learn how to trust and empower without losing control, and how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation.

Understand how dynamic forecasting and resource allocation works, and also other examples of self-regulating management mechanisms, including transparency. Bjarte will also share insights into KPI pitfalls and bonus problems.

Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology– and product innovation!

Photo of Lean, Agile and Large-Scale Product Development (LeSS) group
Lean, Agile and Large-Scale Product Development (LeSS)
See more events