Bjarte Bogsnes, Senior Advisor Performance Framework at Equinor (formerly Statoil) and Chairman Beyond Budgeting Roundtable, shares how Statoil has embraced the Beyond Budgeting principles to develop an “Ambition to Action Model”. This model has allowed Statoil to completely redefine their performance management.

The company developed their holistic performance evaluation programme and leveraged dynamic forecasting and resource allocation to eliminate traditional budgets and to empower event-driven decision-making process across the enterprise.