schedule Mar 5th 10:00 AM - 06:00 PM place Gulmohar people 56 Interested

Get an in-depth understanding of the agile management model Beyond Budgeting, from background to philosophy to its 12 principles covering both leadership and management. Benefit from Bjarte’s long Beyond Budgeting implementation experience in two large organisations, starting in the mid-nineties, before Beyond Budgeting was born.

Understand how to trust and empower without losing control. Learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation without budgets. Discover other examples of self-regulating management mechanisms, including transparency. Bjarte will also share insights into KPI pitfalls, the bonus ‘problem’, and the relationship between Beyond Budgeting and Agile.

You will also hear about companies all over the world who have embarked on this journey, including the Statoil story, Scandinavia's largest company which kicked out the budget (and much more) in 2005.

 
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Outline/structure of the Session

- The problems with traditional management, including budgeting

- Beyond Budgeting - the adaptive management model

- the background

- the philosophy

- the 12 principles

- Companies on the journey around the world; examples of how they operate

- The Borealis story – going Beyond Budgeting before Beyond Budgeting

- the Statoil story - the "Ambition to Action" model;

- redefining performance - dynamic and relative targets and a holistic performance evaluation

- dynamic forecasting and resource allocation and no traditional budgets

- from calendar-driven to event-driven

- examples of self-regulating management mechanisms

- The KPI pitfalls

- The bonus problem

- Beyond Budgeting and Agile

- Implementation experiences and advice

- The Beyond Budgeting Roundtable

- Recommended reading

Learning Outcome

  • Understand how to trust and empower without losing control.
  • Learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation.
  • The workshop will also cover dynamic forecasting and resource allocation without budgets.
  • Discover other examples of self-regulating management mechanisms, including transparency.
  • Bjarte will also share insights into KPI pitfalls, the bonus ‘problem’, and the relationship between Beyond Budgeting and Agile.

Target Audience

Executives, Leaders, Managers, Coaches

schedule Submitted 10 months ago

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