9780470405161

Implementing Beyond Budgeting : Unlocking the Performance Potential

by
  • ISBN13:

    9780470405161

  • ISBN10:

    0470405163

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-12-03
  • Publisher: Wiley
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Summary

Written by Bjarte Bogsnes, Beyond Budgeting pioneer, Implementing Beyond Budgeting reveals best practices from actual cases where the author headed up implementation of Beyond Budgeting in large global companies. Beginning with a Foreword by Robert Kaplan, cofounder of the Balanced Scorecard, this book reveals how your organization can maximize a performance climate with teams committed to a common purpose, shared rewards, and sustained value creation. This innovative book lucidly presents how every organization can release the ambition and energy of its people who were previously slaves to the budgeting process.

Author Biography

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.

Table of Contents

Forewordp. ix
Introductionp. xi
Acknowledgmentsp. xxiii
Problems with Traditional Managementp. 1
Introductionp. 1
Which Way in a New Business Environment?p. 3
The Trust Problemp. 8
The Cost Management Problemp. 14
The Target-Setting and Evaluation Problemp. 22
The Bonus Problemp. 28
The Rhythm Problemp. 41
The Quality Problemp. 46
The Efficiency Problemp. 48
Beyond Budgetingp. 53
Beyond Budgeting Round Tablep. 53
The Beyond Budgeting Conceptp. 54
The Handelsbanken Casep. 56
The Borealis Casep. 63
Introductionp. 63
Creation of Borealisp. 64
The Journey Beginsp. 65
The Borealis Modelp. 71
Implementation Experiences and Lessons Learnedp. 88
Borealis Todayp. 92
The Statoil Casep. 97
Introductionp. 97
Creating the Foundationp. 99
Starting Outp. 105
The Statoil Modelp. 109
Scorecard Pitfallsp. 154
Joint Venture Budgetsp. 168
What Is Next?p. 169
How Are We Doing?p. 187
Making the Change: Implementation Advicep. 191
Creating the Case for Changep. 191
Handling Resistancep. 198
Design to 80% and Jumpp. 200
Involve Human Resourcesp. 201
A Pull-Based and Company-Owned Implementationp. 203
One War but a Thousand Battlesp. 205
Do Not Become a Fundamentalistp. 206
Closing Remarksp. 209
Indexp. 213
Table of Contents provided by Ingram. All Rights Reserved.

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