Implementing Beyond Budgeting: Unlocking the Performance Potential

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.