The interest in Beyond Budgeting is today record high, and the model is updated and refined. Beyond Budgeting is adopted by more and more organisations around the world, is taught at business schools, and has a vibrant global community.
Bjarte Bogsnes
Bjarte Bogsnes has a long international career, both in Finance and HR. He is Chairman of Beyond Budgeting Roundtable (BBRT). He is a popular international business speaker and is the winner of a Harvard Business Review/McKinsey Management Innovation award. Bjarte is also author of "Implementing Beyond Budgeting - Unlocking the Performance Potential", where he writes about his twenty years long Beyond Budgeting journey. Statoil has opened up for Bjarte to undertake select external consulting work.
Author's Articles
One of the most damaging management practices in business today is the individual bonus – “do this and get that”, a practice that now has also found its way into the public sector
There once was a Finance manager who met a fisherman. “Could you please tell me about your life and your work?”, asks the Finance manager. “Well, I am at sea for five months and then I am home for five months”, the fisherman responds. There is a long pause. Our Finance manager is thinking hard. Something is wrong; five plus five is only ten! ”So what are you doing in the two last months?”.
Although Beyond Budgeting is about so much more than just budgets, our name tends to draw people, at least initially, towards the budget word. Once there, cost management often pops up as the number one issue, for obvious reasons. How can we manage cost without a budget?