Implementing Beyond Budgeting
Unlocking the Performance Potential
Bjarte Bogsnes, 2016
The essence of this great book is about how the very common tight coupling of company targets, forecast and resource allocation prohibits agility and speed. Case studies on how decoupling, through beyond budgeting principles, have been done in practice and how you can deploy these practices. This book is a MUST read to reach company level agility.
- Chapter 1 displays the problems with traditional management, using the annual cycle to predict a full year of events with connected budgets. And on top of that connected performance evaluations and bonuses.
- In chapter 2 the philosophy and principles of beyond budgeting is laid out. And early pioneering companies presented.
- In chapter 3 and 4, stories of the authors’ two main beyond budgeting journeys, including implementation experiences and lessons learned.
- Chapter 6 includes handy implementation advice. Including how to avoid pitfalls.