Ways of Working115

Beyond Budgeting – Business Agility the C-level Understand (and Are Starting to Like)

Bjarte Bogsnes

February 24, 2017

OverviewRelatedHighlight

2017 conference logo

Conference Video

Watch the video here: https://www.infoq.com/presentations/beyond-budgeting-2017

Abstract

  • the Statoil implementation journey
  • The problems with traditional management, including budgeting
  • The Beyond Budgeting principles and companies on the journey
  • Statoil's "Ambition to Action" model;
    • redefining performance - dynamic and relative with a holistic performance evaluation
    • dynamic forecasting and resource allocation and no traditional budgets
    • from calendar-driven to event-driven; a more self-regulating management model
  • Implementation experiences and advice

About Bjarte

Bjarte Bogsnes

Bjarte Bogsnes has a long international career, both in Finance and HR. He is currently heading up the implementation of Beyond Budgeting at Statoil, Scandinavia’s largest company. Bjarte is Chairman of Beyond Budgeting Roundtable (BBRT). He is a popular international business speaker and is the winner of a Harvard Business Review/McKinsey Management Innovation award. Bjarte is also author of "Implementing Beyond Budgeting - Unlocking the Performance Potential", where he writes about his implementation experiences. Statoil has recently opened up for Bjarte to undertake select external consulting work.

Get a copy of Bjarte's book - Implementing Beyond Budgeting: Unlocking the Performance Potential (2nd Ed)

Download Materials

Share

Are you ready to uncover your agility?

The Business Agility Profile™ is a detailed, research-based snapshot of your organization’s Business Agility capabilities & behaviors.

Based on years of research and trusted insight, it delivers data-driven analysis highlighting what’s pushing your organization forward — and what’s pulling you back.

  • Understand where your organization is on its Business Agility journey today

  • See how your organization compares to a benchmark of 1300+ other companies

  • Know the most important next steps to further develop and grow

Help us understand the global state of Business Agility

If you want to understand what business agility looks like in your organization - and help us understand what business agility looks like around the world - please share your (completely anonymised) insights for the next Business Agility Report.

 

It only takes a couple of minutes and, as with all previous years, everything is treated with full anonymity.

The component MostRecentArticles has not been created yet.
The component LibraryHighlightsSmall has not been created yet.

You have NaN out of 5 free articles to read

Please subscribe and become a member to access the entire Business Agility Library without restriction.