Get a quick overview of the 12 Beyond Budgeting Principles, explained by the Beyond Budgeting Institute's core team.
For more information regarding the Beyond Budgeting Institute, please visit: https://bbrt.org/ or watch the video series on Youtube here: https://www.youtube.com/user/beyondbudgetingorg/videos
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
The 12 Beyond Budgeting Principles
1. The 12 Beyond Budgeting
Principles
Explained by members of the core team
2. The purpose of this presentation is to highlight the 12
main points of the Beyond Budgeting Principle.
For a full summary please click here.
3. Introduction
Presented by Bjarte Bogsnes
Chairman, Beyond Budgeting Institute
The purpose of the Beyond Budgeting Principles is to liberate organizations from the
command and control of traditional management.
To create an organization that is more adapted, more empowered, that is more agile,
more human and one that performs better.
We need a radical change in the way we lead and manage.
We've described a path to make this happen through 12 Beyond Budgeting Principles
focused on leadership and management processes.
Click here to watch the video with Bjarte Bogsnes
4. Principle 1: Purpose
Presented by Anders Olesen
Director of Beyond Budgeting Institute
Engage & inspire people around bold and noble causes;
not around short-term financial targets.
Click here to watch the video with Anders Olesen
5. Principle 2: Values
Presented by Dag Larsson
Member of the Beyond Budgeting Core Team
Govern through shared values and sound judgement;
not through detailed rules and regulations
Click here to watch the video with Dag Larsson
6. Principle 3: Transparency
Presented by Steve Player
Director BBRT North America
Make information open for self-regulation, innovation, learning and control;
don't restrict it
Click here to watch the video with Steve Player
7. Principle 4: Organisation
Presented by Franz Röösli
Member of the Beyond Budgeting Core Team
Cultivate a strong sense of belonging and organise around accountable
teams; avoid hierarchical control and bureaucracy
Click here to watch the video with Franz Röösli
8. Principle 5: Autonomy
Presented by Dag Larsson
Member of the Beyond Budgeting Core Team
Trust people with freedom to act;
don't punish everyone if someone should abuse it
Click here to watch the video with Dag Larsson
9. Principle 6: Customers
Presented by Steve Player
Director BBRT North America
Connect everyone's work with customer needs;
avoid conflicts of interest
Click here to watch the video with Steve Player
10. Principle 7: Rhythm
Presented by Bjarte Bogsnes
Chairman, Beyond Budgeting Institute
Organise management processes dynamically around business rhythms and
events;
not around calendar year only
Click here to watch the video with Bjarte Bogsnes
11. Principle 8: Targets
Presented by Franz Röösli
Member of the Beyond Budgeting Core Team
Set directional, ambitious and relative goals;
avoid fixed and cascaded targets
Click here to watch the video with Franz Röösli
12. Principle 9: Plans and Forecasts
Presented by Steve Player
Director BBRT Nort America
Make planning and forecasting lean and unbiased processes;
not rigid and political exercises
Click here to watch the video with Steve Player
13. Principle 10: Resource Allocation
Presented by Anders Olesen
Director of the Beyond Budgeting Institute
Foster a cost conscious mind-set and make resources available as needed;
not through detailed annual budget allocations
Click here to watch the video with Anders Olesen
14. Principle 11: Performance Evaluation
Presented by Bjarte Bogsnes
Chairman, Beyond Budgeting Institute
Evaluate performance holistically and with peer feedback for learning and
development;
not based on measurement only and not for rewards only
Click here to watch the video with Bjarte Bogsnes
15. Principle 12: Rewards
Presented by Franz Röösli
Member of the Beyond Budgeting Core Team
Reward shared success against competition;
not against fixed performance contracts
Click here to watch the video with Franz Röösli
