Ways of Working116

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

Bjarte Bogsnes

February 24, 2017

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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)

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