{"product_id":"implementing-beyond-budgeting-isbn-9781119152477","title":"Implementing Beyond Budgeting","description":"\u003cp\u003e\u003cb\u003eThe future of management is here!\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTraditional management was invented for very different times and is today in serious trouble. The level of volatility, uncertainty, complexity and ambiguity in business environments is record high. People’s expectations towards their employers and leaders have also radically changed. A number of organizations are exploring management innovation that can help them not just coping but thriving and out-performing in these new and different realities. Beyond Budgeting may be the most important new idea out there addressing these radical changes, due to its broad scope and coherent approach. Abolishing the traditional, detailed annual budget is necessary, but not sufficient. Organizations on the journey are questioning their old leadership beliefs and are tearing up their old command-and-control management models, with “agile” and “human” as the foundation for a new start.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eImplementing Beyond Budgeting\u003c\/i\u003e is both a theoretical introduction and a practical guide to bringing such a more empowered and adaptive management model to life. Drawing on the author’s twenty years of Beyond Budgeting experience, this book not only demonstrates the serious problems with traditional management through numerous practical examples. It also follows several companies on their Beyond Budgeting journey, including Scandinavia’s largest company Statoil where the author has been heading up implementation since 2005. You'll get a first-hand glimpse at the reality of transitioning a large multinational company, and gain a real-world perspective on what successful implementation entails.\u003c\/p\u003e \u003cp\u003eThis new second edition has been significantly revised and expanded. It covers the amazing development of the Beyond Budgeting movement and how the Statoil implementation journey has continued since the first edition of this book was published in 2009, sustaining major events like for instance the 2015 oil price crash. A new chapter on “Beyond Budgeting and Agile” has also been added. New implementation experiences, great new case stories, new management innovation examples and management metaphors (traffic controls!) are introduced, as well as the author’s latest reflections on a range of management issues including target setting, forecasting, performance evaluation and incentives.\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Problems with Traditional Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eWhich Way in a New Business Environment? 4\u003c\/p\u003e \u003cp\u003eThe Trust and Transparency Problem 7\u003c\/p\u003e \u003cp\u003eThe Cost Management Problem 14\u003c\/p\u003e \u003cp\u003eThe Control Problem 22\u003c\/p\u003e \u003cp\u003eThe Target-Setting Problem 26\u003c\/p\u003e \u003cp\u003eThe Performance Evaluation Problem 30\u003c\/p\u003e \u003cp\u003eThe Bonus Problem 34\u003c\/p\u003e \u003cp\u003eThe Rhythm Problem 45\u003c\/p\u003e \u003cp\u003eThe Quality Problem 49\u003c\/p\u003e \u003cp\u003eThe Efficiency Problem 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Beyond Budgeting 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Philosophy 55\u003c\/p\u003e \u003cp\u003eBeyond Budgeting Roundtable 65\u003c\/p\u003e \u003cp\u003eThe Beyond Budgeting Principles 69\u003c\/p\u003e \u003cp\u003eHandelsbanken—the Pioneer 74\u003c\/p\u003e \u003cp\u003eMiles—a Master of Servant Leadership 80\u003c\/p\u003e \u003cp\u003eThe Reitan Group—Values at the Core 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Borealis Case 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 91\u003c\/p\u003e \u003cp\u003eCreation of Borealis 92\u003c\/p\u003e \u003cp\u003eThe Journey Begins 94\u003c\/p\u003e \u003cp\u003eThe Borealis Model 99\u003c\/p\u003e \u003cp\u003eImplementation Experiences and Lessons Learned 115\u003c\/p\u003e \u003cp\u003eBorealis Today 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Statoil Case 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 123\u003c\/p\u003e \u003cp\u003eCreating the Foundation 126\u003c\/p\u003e \u003cp\u003eStarting Out 130\u003c\/p\u003e \u003cp\u003eThe Statoil Model 134\u003c\/p\u003e \u003cp\u003eA Dynamic Ambition to Action 190\u003c\/p\u003e \u003cp\u003eWhat Could Be Next? 199\u003c\/p\u003e \u003cp\u003eThe Beyond Budgeting Research Program 210\u003c\/p\u003e \u003cp\u003eHow Are We Doing? 212\u003c\/p\u003e \u003cp\u003eA New Start for Statoil? 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Beyond Budgeting and Agile 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Making the Change: Implementation Advice 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreate the Case for Change 232\u003c\/p\u003e \u003cp\u003eHandle Resistance 238\u003c\/p\u003e \u003cp\u003eDesign to 80 Percent and Jump 240\u003c\/p\u003e \u003cp\u003eKeep the Cost Focus 241\u003c\/p\u003e \u003cp\u003eDon’t Start with Rolling Forecasting Only 243\u003c\/p\u003e \u003cp\u003eInvolve Human Resources and Agile IT 244\u003c\/p\u003e \u003cp\u003eYou Can’t Get Rid of Command and Control through Command and Control 246\u003c\/p\u003e \u003cp\u003eDo Not Become a Fundamentalist 249\u003c\/p\u003e \u003cp\u003eBalanced Scorecard Pitfalls 250\u003c\/p\u003e \u003cp\u003eRevolution or Evolution? 260\u003cbr\u003e\u003cbr\u003e Closing Remarks 263\u003cbr\u003e\u003cbr\u003e Index 265\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eBJARTE BOGSNES\u003c\/b\u003e has had a long international career, both in Finance and HR. He has been advocating Beyond Budgeting for more than twenty years and led its implementation at two large European companies, Statoil and Borealis. Bjarte is the chairman of Beyond Budgeting Roundtable (BBRT) and is a popular international business speaker. He is the winner of a Harvard Business Review\/McKinsey Management Innovation award.    \u003c\/p\u003e\u003cp\u003eTraditional management was invented for very different times and is today in serious trouble. The level of volatility, uncertainty, complexity, and ambiguity in business environments is at a record high. People’s expectations toward their employers and leaders have also radically changed. A number of organizations are exploring management innovation that can help them not only to cope, but also to thrive and outperform in these new and different realities. Beyond Budgeting may be the most important new idea out there addressing these radical changes, due to its broad scope and coherent approach. Abolishing the traditional, detailed annual budget is necessary, but not sufficient. Organizations on the journey are questioning their old leadership beliefs and are tearing up their old command-and-control management models, with “agile” and “human” as the foundation for a new start. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eImplementing Beyond Budgeting: Unlocking the Performance Potential, Second Edition \u003c\/i\u003eis both a theoretical introduction and a practical guide to bringing such an empowering and adaptive management model to life. Drawing on the author’s twenty years of Beyond Budgeting experience, this book not only demonstrates the serious problems with traditional management through numerous practical examples; it also follows several companies on their Beyond Budgeting journeys, including Scandinavia’s largest company Statoil, where the author has been heading up implementation since 2005. You’ll get a first-hand glimpse at the reality of transitioning a large multinational company, and gain a real-world perspective on what successful implementation entails. \u003c\/p\u003e\u003cp\u003eThis new \u003ci\u003eSecond Edition\u003c\/i\u003e has been significantly revised and expanded. It covers the amazing development of the Beyond Budgeting movement and how the Statoil implementation journey has continued since the first edition of this book was published in 2009, sustaining major events such as the 2015 oil price crash. New implementation experiences, great new case stories, new management innovation examples, and new management metaphors are introduced, as well as the author’s latest reflections on a range of management issues, including target setting, forecasting, performance evaluation, and incentives. A new chapter on “Beyond Budgeting and Agile” has also been added. \u003c\/p\u003e\u003cp\u003eThe future of management is here!  \u003c\/p\u003e\u003cp\u003e“Budgeting, which lies at the heart of management, is typically backward-looking, inflexible, politicized, and overly conservative — in other words, it’s a drag on organizational vitality. But in this provocative book, Bjarte Bogsnes shows you how to radically retool the budgeting process in your organization. Based on his experience in large and complex organizations, he takes you through a step-by-step process for transforming the way your organization is managed. This is essential reading if you want to build an organization that is fit for the future.”\u003cbr\u003e—\u003cb\u003eProfessor Gary Hamel\u003c\/b\u003e, London Business School\u003c\/p\u003e \u003cp\u003e“This book is about how to create the right conditions to liberate people from traditional management practices, which organizations build as they grow, but which usually lead to reduced agility, employee disengagement, and ultimately decline. Since his 2009 book, Bjarte has journeyed a lot further beyond budgeting, gaining substantial new insights from practical experience, told in this edition as ever with great readability, authenticity, and enthusiasm.”\u003cbr\u003e— \u003cb\u003eRobin Fraser\u003c\/b\u003e, co-founder of the Beyond Budgeting Roundtable; co-author with the late Jeremy Hope of Beyond Budgeting\u003c\/p\u003e \u003cp\u003e“While it is common to hear managers complain about budgeting activities, too few are aware that the problems with budget management are more insidious. Budget management is a major cause of sub-optimisation; in simple terms, it makes performance worse. As with many human inventions, it solved problems of its time, but as time has moved on the problems and opportunities have changed. This book charts the development of better methods, balancing purpose and practice; improving the effectiveness of decision making; and, hence, organisation performance.”\u003cbr\u003e—\u003cb\u003eJohn Seddon\u003c\/b\u003e, Vanguard\u003cbr\u003e\u003cbr\u003e\u003cb\u003ePraise for the First Edition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“At last, Bjarte Bogsnes has made his experience and enthusiasm for Beyond Budgeting available for a wider audience with this remarkable book. I have appreciated his engagement in these important management issues for many years, and his knowledge and leadership have been critical in the transformation of our organization.”\u003cbr\u003e—\u003cb\u003eEldar Sætre\u003c\/b\u003e, CFO (now CEO), Statoil\u003c\/p\u003e \u003cp\u003e“This is an excellent book for those who want to grapple with the difficult task of radically changing conventional ways of running a company to more effective ways of doing it and ways more in accordance with human nature.”\u003cbr\u003e—\u003cb\u003eJan Wallander\u003c\/b\u003e, Honorary Chairman of Handelsbanken\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989407121637,"sku":"NP9781119152477","price":52.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119152477.jpg?v=1761783983","url":"https:\/\/k12savings.com\/products\/implementing-beyond-budgeting-isbn-9781119152477","provider":"K12savings","version":"1.0","type":"link"}