Implementing beyond budgeting : unlocking the performance potential / by Bjarte Bogsnes and Robert S. Kaplan
By: Bogsnes, Bjarte.
Contributor(s): Kaplan, Robert S.Publisher: Hoboken, N.J. : Wiley, 2016Edition: 2nd ed.Description: 303 p. ; electronic resource.ISBN: 9781119152477.Subject(s): Management accounting | Corporate strategyOnline resources: Download as an eBook
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PROBLEMS WITH TRADITIONAL MANAGEMENT: Which way in a new business environment? -- The trust and transparency problem -- The cost management problem -- The control problem -- The target-setting problem -- The performance evaluation problem -- The bonus problem -- The rhythm problem -- The quality problem -- The efficiency problem. BEYOND BUDGETING: The philosophy -- Beyond budgeting roundtable -- The beyond budgeting principles -- Handelsbanken - the pioneer -- Miles - a master of servant leadership -- The Reitan Group - values at the core. THE BOREALIS CASE: Creation of Borealis -- The journey begins -- The Borealis model -- Implementation experiences and lessons learned -- Borealis today. THE STATOIL CASE: A dynamic ambition to action -- What could be next? The beyond budgeting research program -- How are we doing? -- A new start for Statoil? BEYOND BUDGETING AND AGILE -- MAKING THE CHANGE - IMPLEMENTATION ADVICE: Create the case for change -- Handle resistance -- Design to 80 percent and jump -- Keep the cost focus -- Don't start with rolling forecasting only -- Involve human resources and agile IT -- You can't get rid of command and control through command and control -- Do not become a fundamentalist -- Balanced scorecard pitfalls -- Revolution or evolution?
Asserts that beyond budgeting may be the most important new idea in management for addressing recent radical changes to the business environment. Provides a practical guide for implementing a more empowered and adaptive management model. Draws on real-world case studies.