Beyond Budgeting

Bjarte Bogsnes
A Management Model for New Business and People Realities
Premium 1 & 2

Join Bjarte Bogsnes, author of Implementing Beyond Budgeting and Vice President of Performance Management Development at Statoil, as he discusses:

  • The Statoil implementation journey
  • The problems with traditional management, including budgeting 
  • The Beyond Budgeting principles and companies on the journey
  • Statoil's "Ambition to Action" model;
    • Redesigning performance - dynamic and relative targets and a holistic performance evalution
    • Dynamic forecasting and resource allocation and no traditional budgets
    • From calendar-driven to event-driven; a more self-regulating management model
  • Implementation experiences and advice