Implementing Beyond Budgeting: Unlocking the Performance Potential - Hardcover

Bogsnes, Bjarte

Hardcover

ISBN 10: 0470405163 ISBN 13: 9780470405161

Publisher: John Wiley & Sons, 2008

Synopsis

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.

About this title

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

Synopsis

This important book describes the serious and systemic problems with traditional management practices, and provides concrete alternatives and practical guidance on how to implement the beyond budgeting methodology, drawing on actual cases in which the author has implemented beyond budgeting in large, global companies. It describes the need for an integrated performance management process across Strategy, Finance and Human Resources, and presents the many benefits that can be realized by embarking on a beyond budgeting journey.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2008
• ISBN 10: 0470405163
• ISBN 13: 9780470405161
• Binding: Hardcover
• Language: English
• Number of pages: 240