
Implementing Beyond Budgeting
Unlocking the Performance Potential
Bjarte Bogsnes(Author)
Wiley (Publisher)
Published on 19. December 2008
Book
Hardback
240 pages
978-0-470-40516-1 (ISBN)
Article exhausted; check for reprint
Description
"A leading practitioner in the Beyond Budgeting movement." -Robert S. Kaplan and David P. Norton, from their latest book, The Execution Premium
"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."
-Jan Wallander, Honorary Chairman of Handelsbanken
"At last, Bjarte Bogsnes has made his experience and enthusiasm for Beyond Budgeting available to 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."
-Eldar S?tre, CFO, StatoilHydro
"Bjarte Bogsnes is the only person we know who has implemented Beyond Budgeting twice! So he is in a unique position to explain how to do it right. In this very readable account of his Beyond Budgeting journey, he captures the true essence of Beyond Budgeting-how to release the ambition and energy of people across the organization who were previously prisoners of the budgeting process."
-Jeremy Hope, cofounder of the Beyond Budgeting Round Table and coauthor of Beyond Budgeting
"In today's complex world, it is of strategic importance to focus on both professional and individual needs. To achieve this, you need independent and proactive employees, but a hierarchical framework is of little use when developing these qualities. Bjarte Bogsnes's book is a valuable contribution to finding a management approach that is both more professional and people-oriented." -Erich Harsch, CEO, dm-drogerie markt
"Budgets are ingrained in corporate culture despite the tremendous lack of value they customarily provide. Bjarte takes a pragmatic approach in his discussion suggesting efforts to move past budgeting. He balances analytical views with much needed, but often ignored, discussion on leadership and organizational behavior and offers useful case studies to illustrate his recommendations in tangible ways."
-Anand Sanwal, Managing Director, Brilliont, and coauthor of Optimizing Corporate Portfolio Management: Aligning Investment Proposals with Organizational Strategy
"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."
-Jan Wallander, Honorary Chairman of Handelsbanken
"At last, Bjarte Bogsnes has made his experience and enthusiasm for Beyond Budgeting available to 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."
-Eldar S?tre, CFO, StatoilHydro
"Bjarte Bogsnes is the only person we know who has implemented Beyond Budgeting twice! So he is in a unique position to explain how to do it right. In this very readable account of his Beyond Budgeting journey, he captures the true essence of Beyond Budgeting-how to release the ambition and energy of people across the organization who were previously prisoners of the budgeting process."
-Jeremy Hope, cofounder of the Beyond Budgeting Round Table and coauthor of Beyond Budgeting
"In today's complex world, it is of strategic importance to focus on both professional and individual needs. To achieve this, you need independent and proactive employees, but a hierarchical framework is of little use when developing these qualities. Bjarte Bogsnes's book is a valuable contribution to finding a management approach that is both more professional and people-oriented." -Erich Harsch, CEO, dm-drogerie markt
"Budgets are ingrained in corporate culture despite the tremendous lack of value they customarily provide. Bjarte takes a pragmatic approach in his discussion suggesting efforts to move past budgeting. He balances analytical views with much needed, but often ignored, discussion on leadership and organizational behavior and offers useful case studies to illustrate his recommendations in tangible ways."
-Anand Sanwal, Managing Director, Brilliont, and coauthor of Optimizing Corporate Portfolio Management: Aligning Investment Proposals with Organizational Strategy
More details
Edition
1. Auflage
Language
English
Place of publication
Chichester
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Illustrations
Illustrations
Dimensions
Height: 23.6 cm
Width: 15.7 cm
Thickness: 1.9 cm
Weight
502 gr
ISBN-13
978-0-470-40516-1 (9780470405161)
Schweitzer Classification
Other editions
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Book
08/2016
2nd Edition
Wiley
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Additional editions

Book
06/2015
Wiley
€47.03
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Person
Bjarte Bogsnes has a long international career in the oil business, both in finance and HR. As group controller for the petrochemicals company Borealis, he headed the abolishment of budgeting in this company in the mid-1990s and has been advocating the Beyond Budgeting principles ever since. He is now heading up StatoilHydro's Beyond Budgeting project. Bjarte is also Chairman of Beyond Budgeting Round Table Europe and is a popular business speaker internationally.
Content
Chapter One. The Problems with Traditional Management.
Introduction.
Which Way in a New Business Environment?
The Trust Problem.
The Cost Management Problem.
The Target Setting and Evaluation Problem.
The Bonus Problem.
The Rhythm Problem.
The Quality Problem.
The Efficiency Problem.
Chapter Two. Beyond Budgeting.
The Beyond Budgeting Roundtable.
The Beyond Budgeting concept.
The Handelsbanken case.
Chapter Three. The Borealis Case.
Introduction.
The Creation of Borealis.
The Journey Begins.
The Borealis Model.
Implementation Experiences and Lessons Learned.
Borealis Today.
Chapter Four. The Statoil Case.
Introduction.
Creating the Foundation.
Starting Out.
The Statoil Model.
The Scorecard Pitfalls.
Joint Venture Budgets.
What is Next?
How Are We Doing?
Chapter Five. Making the Change - Implementation Advice.
Creating the Case for Change.
Handling Resistance.
Design to "80%" and Jump.
Involve HR.
A Pull-based and Company-owned Implementation.
One War but a Thousand Battles.
Don't Become a Fundamentalist.
Closing Remarks.
Introduction.
Which Way in a New Business Environment?
The Trust Problem.
The Cost Management Problem.
The Target Setting and Evaluation Problem.
The Bonus Problem.
The Rhythm Problem.
The Quality Problem.
The Efficiency Problem.
Chapter Two. Beyond Budgeting.
The Beyond Budgeting Roundtable.
The Beyond Budgeting concept.
The Handelsbanken case.
Chapter Three. The Borealis Case.
Introduction.
The Creation of Borealis.
The Journey Begins.
The Borealis Model.
Implementation Experiences and Lessons Learned.
Borealis Today.
Chapter Four. The Statoil Case.
Introduction.
Creating the Foundation.
Starting Out.
The Statoil Model.
The Scorecard Pitfalls.
Joint Venture Budgets.
What is Next?
How Are We Doing?
Chapter Five. Making the Change - Implementation Advice.
Creating the Case for Change.
Handling Resistance.
Design to "80%" and Jump.
Involve HR.
A Pull-based and Company-owned Implementation.
One War but a Thousand Battles.
Don't Become a Fundamentalist.
Closing Remarks.