Beyond Budgeting is the idea of making organizations perform better by changing their management model, including abolishing the traditional budgeting process. The models tested and proven leadership and management process recommendations makes organizations more adaptive and human, and helps making agile transformations successful. This book is written for decision makers within an enterprise. In nontechnical language it explains what Beyond Budgeting is, how it works, and why it improves performance through the use of actual cases where it has been implemented. It discusses what challenges will need to be overcome to make implementation succeed and provides the many benefits that can be realized once the organization has completed the implementation.

BJARTE BOGSNES is the Chairman of the Beyond Budgeting Roundtable, founder of Bogsnes Advisory, and a sought-after international business speaker and Beyond Budgeting coach. He led the implementation of this groundbreaking model at large European companies, including the energy giant Equinor, and has helped numerous companies globally get started on their journey. He is the winner of a Harvard Business Review/McKinsey Management Innovation award.

Foreword ix

Acknowledgments xv

Introduction 1

1 Initial Reflections 11

2 The Problem 19

3 Beyond Budgeting 27

4 Separate and Improve 41

5 Beyond Budgeting for Whom? 77

6 Agile Transformation 91

7 Handelsbanken 103

8 Implementation 123

9 Whats in It for the Bottom Line? 137

10 Whats in It for Me? 143

Epilogue 147

Index 149