Implementing beyond budgeting: unlocking the performance potential 2nd Edition by Bjarte Bogsnes, Robert S Kaplan – Ebook PDF Instant Download/DeliveryISBN: 1119222279, 9781119222279
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Product details:
ISBN-10 : 1119222279
ISBN-13 : 9781119222279
Author: Bjarte Bogsnes, Robert S Kaplan
The future of management is here! Traditional management was invented for very different times and is today in serious trouble. The level of volatility, uncertainty, complexity and ambiguity in business environments is record high. People’s expectations towards their employers and leaders have also radically changed. A number of organizations are exploring management innovation that can help them not just coping but thriving and out-performing in these new and different realities. Beyond Budgeting may be the most important new idea out there addressing these radical changes, due to its broad scope and coherent approach. Abolishing the traditional, detailed annual budget is necessary, but not sufficient. Organizations on the journey are questioning their old leadership beliefs and are tearing up their old command-and-control management models, with “agile” and “human” as the foundation for a new start. Implementing Beyond Budgeting is both a theoretical introduction and a practical guide to bringing such a more empowered and adaptive management model to life. Drawing on the author’s twenty years of Beyond Budgeting experience, this book not only demonstrates the serious problems with traditional management through numerous practical examples. It also follows several companies on their Beyond Budgeting journey, including Scandinavia’s largest company Statoil where the author has been heading up implementation since 2005. You’ll get a first-hand glimpse at the reality of transitioning a large multinational company, and gain a real-world perspective on what successful implementation entails. This new second edition has been significantly revised and expanded. It covers the amazing development of the Beyond Budgeting movement and how the Statoil implementation journey has continued since the first edition of this book was published in 2009, sustaining major events like for instance the 2015 oil price crash. A new chapter on “Beyond Budgeting and Agile” has also been added. New implementation experiences, great new case stories, new management innovation examples and management metaphors (traffic controls!) are introduced, as well as the author’s latest reflections on a range of management issues including target setting, forecasting, performance evaluation and incentives.
Implementing beyond budgeting: unlocking the performance potential 2nd Table of contents:
Chapter 1: Problems with Traditional Management
Introduction
Which Way in a New Business Environment?
The Trust and Transparency Problem
The Cost Management Problem
The Control Problem
The Target-Setting Problem
The Performance Evaluation Problem
The Bonus Problem
The Rhythm Problem
The Quality Problem
The Efficiency Problem
Chapter 2: Beyond Budgeting
The Philosophy
Beyond Budgeting Roundtable
The Beyond Budgeting Principles
Handelsbanken—the Pioneer
Miles—a Master of Servant Leadership
The Reitan Group—Values at the Core
Chapter 3: The Borealis Case
Introduction
Creation of Borealis
The Journey Begins
The Borealis Model
Implementation Experiences and Lessons Learned
Borealis Today
Chapter 4: The Statoil Case
Introduction
Creating the Foundation
Starting Out
The Statoil Model
A Dynamic Ambition to Action
What Could Be Next?
The Beyond Budgeting Research Program
How Are We Doing?
A New Start for Statoil?
Chapter 5: Beyond Budgeting and Agile
Chapter 6: Making the Change: Implementation Advice
Create the Case for Change
Handle Resistance
Design to 80 Percent and Jump
Keep the Cost Focus
Don’t Start with Rolling Forecasting Only
Involve Human Resources and Agile IT
You Can’t Get Rid of Command and Control through Command and Control
Do Not Become a Fundamentalist
Balanced Scorecard Pitfalls
Revolution or Evolution?
Closing Remarks
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Tags: Implementing, budgeting, the performance potential, Bjarte Bogsnes, Robert S Kaplan