Beyond Budgeting – business agility in practice cover image
Enterprise Coaching

Beyond Budgeting – business agility in practice

Addressing changes to both leadership and management processes in order to integrate self-regulating and value-based controls systems and become more adaptive.

Profile image of Bjarte Bogsnes
Bjarte Bogsnes
May 21, 2019 • 18 min read
4.71 (17)
Business Agility
Self-Organization
Finance
Governance

Summary

Bjarte Bogsnes leads this presentation on Beyond Budgeting explaining what it is, and why businesses need it using a roundabout and a traffic system analogy. Through the presentation, he also talks about the traditional management practice that majorly hinders business agility and introduces Beyond Budgeting citing it is the key to achieving a true organizational Agile transformation. It involves changing and addressing both leadership and management processes in a coherent, consistent way in order to become more adaptive. Let's click the button now to learn about Bjarte's knowledge of the Beyond Budgeting process and much more about organizational management.

Takeaways

  • As an executive having control over your people may feel like you are in charge of every person's decision in the organization or even have an influence on the future but this is just an illusion. The fact is that people cannot be managed and the future Iis unpredictable.
  • Beyond Budgeting is about changing, and addressing both leadership and management processes in a coherent, consistent way in order to become more adaptive and more human.
  • The Beyond Budgeting principles were born roughly at the same time as the Agile Manifesto came about.
  • Traditional management is nothing but just making it difficult for people to do their job.
  • You will never achieve a true organizational Agile transformation without also addressing the budgeting process and the budgeting mindset.

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