In this talk from the 2014 Beyond Budgeting Conference, Bjarte Bogsnes uses engaging analogies to challenge the two main assumptions behind traditional management, that the future is predictable and that people can't be trusted, and to explain the principles of Beyond Budgeting. He summarises Statoil’s Beyond Budgeting journey, outlines some of the problems faced in implementing their ‘Ambition to Action’ strategy and answers questions from the floor.
Anders Olesen is the Director of the Beyond Budgeting Institute, and in this full-length video, he talks about the 12 Beyond Budgeting principles and the benefits scrapping the annual budget has to your organisation.
Bjarte Bogsnes has worked in finance and HR at Norwegian energy company Statoil (now called Equinor) for over 35 years. In his talk at the 2017 Beyond Budgeting Conference, Bjarte—who's also the Chairman at the Beyond Budgeting Institute—explains how it’s possible to hang onto the flexibility of a small organisation without losing the benefits of being big.
John Seddon is an occupational psychologist, researcher, professor, management thinker and global authority on change, specialising in the service industry. He is the managing director of Vanguard, a consultancy company he formed in 1985.
In this two minute video, Bjarte Bogsnes (Chairman at the Beyond Budgeting Institute) talks about evergreen targets at Statoil, and why you should deploy them in your own business.
In this two minute video, Anders Olesen (Director of the Beyond Budgeting Institute) talks about the paradox between management innovation and technological innovation.
In this 2-minute video, Mira Gvozdenovic (formerly of Coloplast) explains the issues with the traditional yearly budgeting model – and why Coloplast changed to a high-level rolling forecast instead.
You’d be forgiven for thinking that Beyond Budgeting is only about, well, budgeting. However, it’s about so much more than that. Budgeting isn’t a sole element of a business, it’s a facet that appears in every department and at every level. Whether you want to take a business trip, implement a new IT system or simply get some new stationery, that will impact, and be impacted by, your organisation’s relevant budgets. However, an organisation’s attitude towards budgeting often reflect more than just its fiscal responsibility. In this video from the 2023 Happy Workplaces Conference, Bjarte Bogsnes explains how budgets might be holding back your organisation.
On 6th February we are holding the 3rd UK Beyond Budgeting conference, in partnership with the Beyond Budgeting Institute. Speakers like Bjarte Bogsnes of Norway’s Statoil, and Mira Gvozdenovic of Coloplast in Denmark – and several more – will explain how their huge organisations run without annual budgets.
In this two-minute video, John Seddon (Managing Director Vanguard Consulting) explains about failure demand - and why managers shouldn't focus on managing costs.
At the 2017 Beyond Budgeting Conference, Mira Gvozdenovic talked about how Beyond Budgeting was implemented at Coloplast, and how this created impressive results across the business.
In this two-minute video, Henry Stewart explains the financial evidence and academic research behind happy workplaces. The Best Workplaces have a Four Factor Alpha of 3.5% on the stock market, compared to ordinary workplaces. Plus, happy workplaces save lives – for every 96 deaths in a happy and engaged hospital, 103 people die in a hospital where staff are disengaged and unhappy.
Henry Stewart on why people work best when they feel good about themselves
In this two-minute video, Kevin McCoy (Co-Founder at Next Jump) talks about some of the issues that come up when trying to push as much decision-making capability down to the lowest level of your organisation as possible. Do you recognise these behaviours in your organisation?
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