this course will be in English

 

‘Beyond Budgeting’ means beyond command-and-control toward a management model that is more empowered and adaptive. Beyond Budgeting is about rethinking how we manage organizations in a post-industrial world where innovative management models represent the only sustainable competitive advantage.

 

It is also about releasing people from the burdens of stifling bureaucracy and suffocating control systems, trusting them with information and giving them time to think, reflect, share, learn and improve. Above all it is about learning how to change from the many leaders who have built and managed ‘beyond budgeting’ organizations.

 

So, what do we mean by “Budgeting”? The word ‘budgeting’ is not used in its narrow sense of planning and control, but as a generic term for the traditional command and control management model (with the annual budget process at its core). In this context it describes both a management culture and a performance management system.

 

(description from the BBRT web site)

Contents

  • The problems with traditional management, including budgeting
  • Beyond Budgeting  – the adaptive management model
  • The background and the philosophy
  • The 12 principles
  • Companies on the journey around the world; examples of how they
  • operate
  • The Borealis story: going Beyond Budgeting before Beyond Budgeting
  • The Equinor (formerly Statoil) story:  the “Ambition to Action” model; redefining performance; dynamic and relative targets and a holistic performance evaluation
  • Dynamic forecasting and resource allocation and no traditional budget
  • From calendar-driven to event-driven
  • Examples of self-regulating management mechanisms
  • The KPI pitfalls
  • The target problem
  • The bonus problem
  • Beyond Budgeting and Agile
  • Implementation experiences and advice

The training places great emphasis on storytelling and practical examples and presents that you will be able to use when getting started with your Beyond Budgeting initiative.

Target Audience

CFOs, Finance, HR, IT, Managers and others interested in how to enable great performance in organisations.

Level and Pre-requisites

The course level is intermediate to advanced. Some professional management experience is recommended. An understanding of the Agile principles is useful but not strictly necessary.

Your Course Leader

Bjarte Bogsnes has a long international career, both in Finance and HR. He is currently heading up the implementation of Beyond Budgeting at Equinor (formerly Statoil), Scandinavia’s largest company.

 

Bjarte 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.

Registration and Training Materials

Your registration fee gives you:

  • One day of great and informative training with Bjarte
  • Bjarte’s book “Implementing Beyond Budgeting”
  • Course materials
  • Coffee breaks and lunch
EARLY BIRD
€500
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    Class size is limited to 15 attendees,
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    Refund Policy

    The ticket is individual and non-refundable, but it can be transferred to another person upon prompt notification to the organizers (if the ticket was bought taking advantage of the “Early Bird ABD Attendee” offer, the new person has to be a conference attendee as well).

    The class requires a minimum number of attendees to take place and to be effective to the participants. We will give prompt notification to those who registered as soon as we reach the minimum attendance.

    The sooner you register to the class, the sooner we’ll be able to send out the confirmation to you and to the other attendees.

    If we cannot reach the minimum number of attendees or if we are unable to run the class for any other reason, we reserve the right to cancel or reschedule the class.

    In that case, we will notify the cancellation or rescheduling to those who registered with at least a 15 days notice on the scheduled class date.

    In the event of a class cancellation or rescheduling, registered attendees will receive a 100% refund of the registration fee. No other indemnification is due for any other cost suffered by the attendee (including, for instance, travel and lodging expenses).

    Location

    Department of Management
    Venice University “Ca’ Foscari”

    (a 5-minute walk from the Venice Santa Lucia train station)

    Dates and Hours

    September 14th, 2018

    9:00-17:00

    check-in starts at 8:30

    Language

    This course will be in in

    English

    Accommodation

    Venice is a very popular tourist destination and there is no shortage of lodging solutions, from small B&Bs to luxury hotels, so you shouldn’t have any problem finding your accommodation of choice.

    However, please note that in high season availability can be limited and prices can be higher than usual, so we recommend that you book your room well in advance.

    As an alternative to the Venice island, you might want to stay at one of hotels near the Venezia Mestre train station. Trains from Mestre to Venezia Santa Lucia, especially in the morning, are frequent and the train ride is about 10 minutes. From Venezia Santa Lucia, the workshop location is at a 5-10 minute walk.

    Additional Information

    For additional information on lodging or for any other request, please email us at workshops@agilebusinessday.com