Implementing Beyond Budgeting: Unlocking the Performance Potential [Hardcover]

Bjarte Bogsnes (Author)

Book Description

Publication Date: December 3, 2008

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.

Editorial Reviews

From the Inside Flap

Implementing Beyond Budgeting

Unlocking the Performance Potential

Welcome to the Beyond Budgeting revolution! A philosophy concerned more with leadership than with actual budgeting, Beyond Budgeting is about releasing capable people from the chains of the top-down performance contract and enabling them to use the knowledge resources of the organization to consistently beat the competition. With intellectual assets accounting for 80 to 90% of shareholder value today, people really are every organization's most valuable asset: Implementing Beyond Budgeting: Unlocking the Performance Potential shows you how to build and maximize a performance climate with teams committed to a common purpose, clear values, and shared rewards.

Written by Bjarte Bogsnes, Beyond Budgeting pioneer and Senior Advisor at StatoilHydro—an integrated oil and gas company with annual total revenues of $100 billion (U.S.)—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 to:

• Get upper management to understand the serious and systemic problems with traditional management practices, and how the Beyond Budgeting philosophy offers a credible and rewarding alternative

• Implement a Beyond Budgeting philosophy throughout your organization, aligning goals and strategy to the processes that actually impact performance

• Liberate your organization from dictatorship, micromanagement, number-worshipping, calendar periods, hierarchies, secrecy, sticks and carrots, and every other myth about effective performance management

• Motivate your people and organization to perform and excel to their maximum potential

• Overcome challenges to make implementation succeed

Destined to become a classic that will change the way business is done, Implementing Beyond Budgeting: Unlocking the Performance Potential will inspire both managers and employees.

From the Back Cover

"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

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (December 3, 2008)
• Language: English
• ISBN-10: 0470405163
• ISBN-13: 978-0470405161
• Product Dimensions: 6.4 x 0.9 x 8.9 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #134,933 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars Excellent book from the most experiences expert in Beyond Budgeting, February 5, 2009

By 

Per Nikolaj Bukh "Per Nikolaj Bukh" (Denmark) - See all my reviews
(REAL NAME)   

This review is from: Implementing Beyond Budgeting: Unlocking the Performance Potential (Hardcover)

I'm really happy to see that Bjarte Bogsnes has found the time to share his experiences with all of us interesting in innovative uses of management control systems. Bjarte has been in charge of implementing Beyond Budgeting (BB) in both Borealis and Statoilhydro - and he is probably the one with the most comprehesive experiences of bringing the Beyond Budgeting pricinples to work.

Actually the book is about totally abandoning budgets. That's the key principle in BB. But it's mandatory reading for anyone working with improving or reforming budgeting models. It may sounds like an impossible mission to give up budgeting. But it all depends on what you put instead. So, if you don't think you can live without a budget you need to realise how a combinaton of balanced scorecard, activity based costing, forecasting, benchmarking etc. can be designed to be an alternative to budgeting.

Even though you don't give up budgeting, it can still be improved. And "Implementing Beyond Budgeting" has lots of ideas here.