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An introduction to Beyond Budgeting - Business Agility in practice

Explore how organizations can adopt agile methodologies effectively. Gain insights into Beyond Budgeting and its impact on management.

Bjarte Bogsnes

Bjarte Bogsnes

Bjarte Bogsnes has a long international career, both in Finance and HR. He is a pioneer in the Beyond Budgeting movement and has helped numerous companies globally getting started on a Beyond Budgeting journey. He headed up the Beyond Budgeting implementation at Equinor. Bjarte is Chairman of Beyond Budgeting Roundtable (BBRT). He is a popular international business speaker and Beyond Budgeting coach, and a winner of a Harvard Business Review/McKinsey Management Innovation award.

Bjarte is the author of "Implementing Beyond Budgeting - Unlocking the Performance Potential", where he writes about his almost thirty years long Beyond Budgeting journey. His new book “This is Beyond Budgeting – A Guide to more Adaptive and Human Organizations” with a foreword by Gary Hamel is just out.

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This session will address how an entire organization can be run in an agile way, 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 ggility 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 former employer Equinor (Statoil) – where the budget (and much more) was kicked out. 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 and OKR pitfalls, and bonus problems.

Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology and product innovation! And last but not least, understand why there can be no true agile transformation without Beyond Budgeting.

Outline:

  • The problems with traditional management, including budgeting
  • Beyond Budgeting
    • the background and philosophy
    • the 12 principles
  • Companies on the journey; examples of how they operate
  • Why agile needs Beyond Budgeting
  • Implementation advice