Download Implementing Beyond Budgeting: Unlocking the Performance Potential, by Bjarte Bogsnes
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Implementing Beyond Budgeting: Unlocking the Performance Potential, by Bjarte Bogsnes
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Written by Bjarte Bogsnes, Beyond Budgeting pioneer, Implementing Beyond Budgeting reveals best practices from actual cases where the author headed up implementation of Beyond Budgeting in large global companies. Beginning with a Foreword by Robert Kaplan, cofounder of the Balanced Scorecard, this book reveals how your organization can maximize a performance climate with teams committed to a common purpose, shared rewards, and sustained value creation. This innovative book lucidly presents how every organization can release the ambition and energy of its people who were previously slaves to the budgeting process.
- Sales Rank: #944883 in Books
- Published on: 2008-12-03
- Original language: English
- Number of items: 1
- Dimensions: 8.94" h x .92" w x 6.44" l, .91 pounds
- Binding: Hardcover
- 240 pages
Most helpful customer reviews
11 of 11 people found the following review helpful.
Excellent book from the most experiences expert in Beyond Budgeting
By Per Nikolaj Bukh
I'm really happy to see that Bjarte Bogsnes has found the time to share his experiences with all of us interesting in innovative uses of management control systems. Bjarte has been in charge of implementing Beyond Budgeting (BB) in both Borealis and Statoilhydro - and he is probably the one with the most comprehesive experiences of bringing the Beyond Budgeting pricinples to work.
Actually the book is about totally abandoning budgets. That's the key principle in BB. But it's mandatory reading for anyone working with improving or reforming budgeting models. It may sounds like an impossible mission to give up budgeting. But it all depends on what you put instead. So, if you don't think you can live without a budget you need to realise how a combinaton of balanced scorecard, activity based costing, forecasting, benchmarking etc. can be designed to be an alternative to budgeting.
Even though you don't give up budgeting, it can still be improved. And "Implementing Beyond Budgeting" has lots of ideas here.
1 of 1 people found the following review helpful.
Implementing Beyond Budgeting: Unlocking the Performance Potential
By Jorge Asprilla
It is an interesting book that describes the different experiencies, challenges, recommendations, success and failures through this new approach.
I strongly recommend this book for the managers and organizations who wants to improve the efficiency in their organizations and take advantage of the potential of their staff by empowering them even more.
This document should be accompanied with the reading of other books such as KPIs and forecasting to better understand how to apply some recommendations given through the book.Implementing Beyond Budgeting: Unlocking the Performance Potential
0 of 0 people found the following review helpful.
Boring and not that useful
By Eric Cuenca
I have been interest in the Beyond Budgeting Concept since I read Winning, from Jack Welch, where the former GE's CEO criticized budgets and all of their negative consequences. After reading Beyond Budgeting, from Jeremy Hope and Robin Fraser, I felt I still needed to know more about the concept, before being able to implement it in my company. That's how I bought Implementing Beyond Budgeting. The good praise it had from Hope himself, and the introduction by Robert S. Kaplan were enough to convince me.
Unfortunately, the book is far from what I expected, Bjarte Bogsnes alternates between giving some useful advice on implementation and sharing his personal feelings about the wonderful enterprises he has worked in, which gets really annoying. The book doesn't have a structure to help you to really implement Beyond Budgeting, instead, it goes from one enterprise to another, leaving some piece of advice on the way. The final chapter, Making the Change, seems to be a (bad) paraphrase of John Kotter's excellent book, Leading Change. Worse, despite Bogsnes introduction where he says his intention is to make this book "not a brick", his book is, actually, a brick. Maybe is because I am not a finance guy, but this book is really boring to read.
Maybe the most interesting part of the book is where Bogsnes gives some advice about how to unify the Beyond Budgeting Theory with the Balanced Scorecard model, which he insists in calling "Ambition to Action" which is the name his company uses.
In summary, if you are really interested in the Beyond Budgeting Concept, I would recommend you to read the Hope and Fraser's book first. Then maybe you should (if you haven't yet) take a look to Kaplan and Norton excellent books on The Balanced Scorecard. Only then, if you are really motivated about the concept and want to get some additional piece of advice and are ready to face the pain, consider this book.
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