The level of VUCA; volatility, uncertainty, complexity and ambiguity in our business environments is at a record high. People also expect more from work than just a paycheck. How can we enable performance in these new business and people realities? How can we create more VUCA-robust management models, which also works with and not against human nature? How can we create a more engaging work environment, where people perform at their best because they want to, not because they are told to?
This workshop will address how key principles in the Agile manifesto can work in running an entire organisation, where people and interactions are more valued than processes and tools, and where responding to change is more important than following a plan. You will get unique insights into Business Agility in practice, both from a managerial, financial and human perspective. You will benefit from Bjarte Bogsnes’ extensive experience. He has helped companies all over the world getting started on a Beyond Budgeting journey, including his employer Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005. This and many other great case stories and practical examples will be shared.
Learn how to trust and empower without losing control, and how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation.
Understand how dynamic forecasting and resource allocation works, and also other examples of self-regulating management mechanisms, including transparency. Bjarte will also share insights into KPI pitfalls and bonus problems.
Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology– and product innovation!
A deep-dive into Beyond Budgeting - an agile management model for new business and people realities
- The problems with traditional management, including budgeting
- Beyond Budgeting - the adaptive management model
- the background
- the philosophy
- the 12 principles
- Companies on the journey around the world; examples of how they operate
- The Borealis story – going Beyond Budgeting before Beyond Budgeting
- the Statoil/Equinor story - the "Ambition to Action" model;
- redefining performance - dynamic and relative targets and a holistic performance evaluation
- dynamic forecasting and resource allocation and no traditional budgets
- from calendar-driven to event-driven
- examples of self-regulating management mechanisms
- The KPI pitfalls
- The target problems
- The bonus problems
- Beyond Budgeting and Agile
- Implementation experiences and advice
- The Beyond Budgeting Roundtable
If you can not participate this course, you can send someone else instead of you. If cancellation is done less than 14 days before the course start, we will charge 50% of the price. In case of no show without any cancellation, we will charge the whole price. Cancellation fee will also be charged in case of illness.