beyond budgeting

With over 11,000 employees, Handelsbanken has successfully embraced a budgetless model in the 1970s. In this article, we explain how this model works.

Over the years I have been seduced by using allocation %s as a primary way to describe strategy deployment. I was wrong. My thinking has changed. A Seductive Model Many companies express their strategies (or plans) using % allocations to different investment buckets. For example:

Mainfreight, a global logistics powerhouse, is known for its innovative management style that boldly rejects traditional budgeting.

To learn more or download the slides, visit the Business Agility Library: https://businessagility.institute/watch/beyond-budgeting-business-agility-in-practice-by-bjarte-bogsnes - What is Beyond Budgeting? - Why an agile transformation can’t succeed without it - Case stories and implementation advice Bjarte Bogsnes | Senior Advisor Performance Framework @ Equinor 25 years of Beyond Budgeting experience, working in both Finance and HR. Have been heading up two Beyond Budgeting projects, at Borealis and Statoil. Chairman Beyond Budgeting Roundtable. "Implementing Beyond Budgeting - Unlocking the Performance Potential - 2nd edition" (Wiley US 2016) is the story about my beyond budgeting journey, including these two projects. 20 year of leadership experience, including 11 years in international leadership roles. Check out my award winning Harvard Business Review/McKinsey Management Innovation article: http://www.mixprize.org/feature/m-prize-winners, or http://www.managementexchange.com/hack/end-performance-management-we-know-it Specialties: One of relatively few in Finance with HR experience. Available for part-time consulting, invoiced by my employer Equinor (formerly Statoil).

Based on 12 years of dedicated research we´ve developed the 12 Beyond Budgeting principles - See the 12 principles that you need to understand here

‘Beyond Budgeting’ has been around for nearly twenty years now. Although it has helped transform many businesses and its has begun to become part of mainstream management thinking in some parts of the world, I talk to many business people who have still not heard of Beyond Budgeting.