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Implementing Beyond Budgeting – Unlocking the Performance Potential 2e (Hardcover, 2nd Edition)
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Implementing Beyond Budgeting – Unlocking the Performance Potential 2e (Hardcover, 2nd Edition)
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The future of management is here! Traditional management was
invented for very different times and is today in serious trouble.
The level of volatility, uncertainty, complexity and ambiguity in
business environments is record high. People s expectations towards
their employers and leaders have also radically changed. A number
of organizations are exploring management innovation that can help
them not just coping but thriving and out-performing in these new
and different realities. Beyond Budgeting may be the most important
new idea out there addressing these radical changes, due to its
broad scope and coherent approach. Abolishing the traditional,
detailed annual budget is necessary, but not sufficient.
Organizations on the journey are questioning their old leadership
beliefs and are tearing up their old command-and-control management
models, with agile and human as the foundation for a new start.
Implementing Beyond Budgeting is both a theoretical introduction
and a practical guide to bringing such a more empowered and
adaptive management model to life. Drawing on the author s twenty
years of Beyond Budgeting experience, this book not only
demonstrates the serious problems with traditional management
through numerous practical examples. It also follows several
companies on their Beyond Budgeting journey, including Scandinavia
s largest company Statoil where the author has been heading up
implementation since 2005. You'll get a first-hand glimpse at the
reality of transitioning a large multinational company, and gain a
real-world perspective on what successful implementation entails.
This new second edition has been significantly revised and
expanded. It covers the amazing development of the Beyond Budgeting
movement and how the Statoil implementation journey has continued
since the first edition of this book was published in 2009,
sustaining major events like for instance the 2015 oil price crash.
A new chapter on Beyond Budgeting and Agile has also been added.
New implementation experiences, great new case stories, new
management innovation examples and management metaphors (traffic
controls!) are introduced, as well as the author s latest
reflections on a range of management issues including target
setting, forecasting, performance evaluation and incentives.
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