The Little Book Of Beyond Budgeting

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The Little Book of Beyond Budgeting

Author : Dr Steve Morlidge
Publisher : Matador
Page : 86 pages
File Size : 50,6 Mb
Release : 2017-11-01
Category : Business & Economics
ISBN : 8210379456XXX

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The Little Book of Beyond Budgeting by Dr Steve Morlidge Pdf

It is difficult to think of a business process that is as widely unpopular, dysfunctional and discredited as traditional budgeting - yet over a decade after the creation of the Beyond Budgeting movement, many business people are unaware of its existence. And many of those that have heard of it find the Beyond Budgeting ideas difficult to grasp because they have been conditioned by experience to think in a very narrow way about the process of management. This book fills in these gaps in awareness and understanding by answering the question ‘what is Beyond Budgeting?’ in a clear and succinct way to help you make informed choices about the way that you run your business, as an alternative to blindly copying your predecessors. Amongst the things you will discover are: How the financial operating model used to organise and run the affairs of an enterprise impacts many aspects of corporate life, not just the level of business performance The universal law of complexity that explains why traditional budgeting will always fail to deliver what it promises: predictable performance. How the Beyond Budgeting process model is better equipped to deal with the complexity of modern organisational life and the uncertainty of the world Why and how an organisation has to be designed to complement the processes used to plan and control its activities. How to bring about change The goal is to help build healthier, more adaptive organisations, better able to meet the challenges and exploit the opportunities thrown up by the modern world.

Implementing Beyond Budgeting

Author : Bjarte Bogsnes
Publisher : John Wiley & Sons
Page : 206 pages
File Size : 53,6 Mb
Release : 2008-12-03
Category : Business & Economics
ISBN : 9780470405161

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Implementing Beyond Budgeting by Bjarte Bogsnes Pdf

The author describes the serious and systemic problems with traditional management practices, and provides concrete alternatives and practical guidance on how to implement the beyond budgeting methodology, drawing on cases in which he has implemented beyond budgeting in large, global companies.

Beyond Budgeting

Author : Jeremy Hope,Robin Fraser
Publisher : Harvard Business Press
Page : 254 pages
File Size : 40,5 Mb
Release : 2003
Category : Administración
ISBN : 9781578518661

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Beyond Budgeting by Jeremy Hope,Robin Fraser Pdf

The annual budgeting process is a trap. Pressured by fixed targets and performance incentives, managers focus on making the numbers instead of making a difference, meeting set goals instead of maximizing potential. With their compensation at stake, managers often resort to deceitful-even unethical-behavior. In the end, everybody loses-the employee, the company, and ultimately the customer. Now, finance experts Jeremy Hope and Robin Fraser reveal the results of an intensive study aimed at fixing the broken budgeting process. They argue that companies must abandon traditional budgeting contracts in favor of a radical new model that links performance measurement to evolving competitive benchmarks-and shifts the firm's focus from controlling employee behavior to delivering customer value. The Beyond Budgeting model is built on the best practices of companies that have successfully revised their centralized planning and budgeting processes. It combines a leadership vision that devolves more authority to operating managers and a finance vision that enables fast decision making through appropriate tools and accessible information. Through vivid examples, Hope and Fraser illustrate how companies can implement these shared visions-and the long-term benefits that accrue from embracing them. Offering a compelling case for breaking free from the budgeting trap, this book paves the way toward making organizations better places to work for, invest in, and do business with.

Cost Matters: How to Manage without Budgets, and help Lean and Agile Fly

Author : Dr Steve Morlidge
Publisher : Beyond Books Press
Page : 148 pages
File Size : 53,6 Mb
Release : 2023-02-28
Category : Business & Economics
ISBN : 8210379456XXX

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Cost Matters: How to Manage without Budgets, and help Lean and Agile Fly by Dr Steve Morlidge Pdf

Over the last few decades businesses have learned to use Lean concepts to make their productive processes more responsive and efficient. And Agile approaches have helped them manage innovation and change more effectively, faced with a climate of uncertainty. But while we have new, better ways to manage the practice of work itself the mechanisms used to manage the associated costs using rigid detailed annual budgets have changed very little in a century. This book describes how to manage costs without budgets and all the other bureaucratic paraphernalia of the past. The result is a holistic approach to managing work that helps unleash the power of Lean and Agile. In a series of short lessons supported by simple illustrations Steve demonstrates how to address the day-to-day challenge of managing costs in a world where change and uncertainty are embraced. Rikard Olsson, Managing Director, Beyond Budgeting Advisory. In this book, with a good sense of humour, Steve explains the concepts of Lean, Agile and why the “old habits” of cost control don’t fit. And what would. Peter Coesmans, Chief Agility Officer, Agile Business Consortium. This is a must-read for any Finance professional, and for anyone interested in Lean and Agile. Bjarte Bogsnes, Chairman, Beyond Budgeting Roundtable.

Future Ready

Author : Steve Morlidge,Steve Player
Publisher : John Wiley & Sons
Page : 328 pages
File Size : 48,8 Mb
Release : 2010-02-19
Category : Business & Economics
ISBN : 9780470662212

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Future Ready by Steve Morlidge,Steve Player Pdf

The recent crisis in the financial markets has exposed serious flaws in management methods. The failure to anticipate and deal with the consequences of the unfolding collapse has starkly illustrated what many leaders and managers in business have known for years; in most organizations, the process of forecasting is badly broken. For that reason, forecasting business performance tops the list of concerns for CFO's across the globe. It is time to rethink the way businesses organize and run forecasting processes and how they use the insights that they provide to navigate through these turbulent times. This book synthesizes and structures findings from a range of disciplines and over 60 years of the authors combined practical experience. This is presented in the form of a set of simple strategies that any organization can use to master the process of forecasting. The key message of this book is that while no mortal can predict the future, you can take the steps to be ready for it. ’Good enough’ forecasts, wise preparation and the capability to take timely action, will help your organization to create its own future. Written in an engaging and thought provoking style, Future Ready leads the reader to answers to questions such as: What makes a good forecast? What period should a forecast cover? How frequently should it be updated? What information should it contain? What is the best way to produce a forecast? How can you avoid gaming and other forms of data manipulation? How should a forecast be used? How do you ensure that your forecast is reliable? How accurate does it need to be? How should you deal with risk and uncertainty What is the best way to organize a forecast process? Do you need multiple forecasts? What changes should be made to other performance management processes to facilitate good forecasting? Future Ready is an invaluable guide for practicing managers and a source of insight and inspiration to leaders looking for better ways of doing things and to students of the science and craft of management. Praise for Future Ready "Will make a difference to the way you think about forecasting going forward" —Howard Green, Group Controller Unilever PLC "Great analogies and stories are combined with rock solid theory in a language that even the most reading-averse manager will love from page one" —Bjarte Bogsnes, Vice President Performance Management Development at StatoilHydro "A timely addition to the growing research on management planning and performance measurement." —Dr. Charles T. Horngren, Edmund G. Littlefield Professor of Accounting Emeritus Stanford University and author of many standard texts including Cost Accounting: A Managerial Emphasis, Introduction to Management Accounting, and Financial Accounting "In the area of Forecasting, it is the best book in the market." —Fritz Roemer. Leader of Enterprise Performance Executive Advisory Program, the Hackett Group

Company-wide Agility with Beyond Budgeting, Open Space & Sociocracy

Author : John Buck
Publisher : Jutta Eckstein
Page : 246 pages
File Size : 42,8 Mb
Release : 2020-01-18
Category : Business & Economics
ISBN : 9783947991082

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Company-wide Agility with Beyond Budgeting, Open Space & Sociocracy by John Buck Pdf

Today, companies are expected to be flexible and both rapidly responsive and resilient to change, which basically asks them to be agile. By combining Beyond Budgeting,Open Space, Sociocracy, and Agile, this book provides a practical guide for companies that want to be agile company-wide. Notes to the 2nd edition: This second edition reflects such updates as: the new Agile Fluency Model, the renaming / rebranding of Statoil to Equinor, and some small additions to complexity. We also enhanced the description of Organizational Open Space and explain how it differs from Liberating Structures. Enjoy insights in the book shared by Jez Humble, Diana Larsen, James Shore, Johanna Rothman, and Bjarte Bogsnes. Find out what Spotify, ING, Ericsson, and Walmart say in the book. Quotes from early readers: “[This is] a very important book. My hopes are that it will be the missing link between agile for teams and the flexible, adaptive and humane organisations we want to build. It’s a great book. Thanks for writing it!” ~Sandy Mamoli, author of Creating Great Teams “Just as Spotify has worked hard to make all aspects of product development align well and work together - I see Jutta and John in this book exploring methods and processes that will work very well across the whole company.” ~ Anders Ivarsson, Spotify “I love how those practices [are] integrated and summarized into actionable recommendations.” ~ Yves Lin, Titansoft “Really wonderful balance of structure and space, rigor and creativity, that you're suggesting.” ~ Michael Herman, Openspaceworld.org “Company-wide Agility with Beyond Budgeting, Open Space and Sociocracy [...] makes an important case for companies to regard trust and autonomy the norm, rather than a privilege. [...] Overall a great overview of how leaders can reimagine the way power is distributed within their companies.” ~ Aimee Groth, Author of The Kingdom of Happiness: Inside Tony Hsieh’s Zapponian Utopia This book invites you to take a new perspective that addresses the challenges of doing business in a volatile, uncertain, complex, and ambiguous world.

The Little Book of Main Street Money

Author : Jonathan Clements
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 51,8 Mb
Release : 2009-05-27
Category : Business & Economics
ISBN : 9780470522264

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The Little Book of Main Street Money by Jonathan Clements Pdf

"A gem from one of the most brilliant minds in personal finance." — Ben Stein, author, actor, TV personality, and New York Times columnist In a financial world gone mad, you still need to manage your money, put your kids through college, and save for retirement. To the rescue comes Jonathan Clements with 21 easy-to-follow rules to help you secure your financial future. Clements has spent a quarter century demystifying Wall Street for ordinary, real people on Main Street, including more than thirteen years as the Wall Street Journal's hugely popular personal-finance columnist. In The Little Book of Main Street Money, Clements brings us back to basics, with commonsense suggestions for intelligent money management. Chock-full of financial guidance that will stand up in any market, the book also reflects a financial philosophy that Clements has developed over a lifetime of watching Wall Street and writing about money—and that is even more important in the current volatile market. From the big picture (home, retirement, financial happiness) to the micro (taxes, inflation, investment costs), he offers clear-cut advice for taking control of your financial life, detailing the strategies needed to thrive in today's tough economic times. The 21 truths outlined throughout this book are a guiding light for everyone, young and old, whether starting out or soon retiring. Each chapter reads like a Clements column—clear, pithy, and feisty. From the obvious to the counterintuitive, the truths will bolster your returns, cut your costs, and give you financial peace of mind. Collectively, the 21 truths show you how to think about your entire financial life—not just stocks and bonds, but your home, your debts, your financial promises to your children, your income-earning ability, and so much more. They will help you not only survive today's treacherous financial terrain, but also prepare you for success tomorrow. Renowned for his spirited writing and shrewd investment guidance, Clements is the sane voice investors need to stay grounded in the midst of so much financial insanity.

The Viable Map Workbook

Author : Steve Morlidge et al
Publisher : Beyond Books Press
Page : 163 pages
File Size : 50,8 Mb
Release : 2023-03-31
Category : Business & Economics
ISBN : 9781739176716

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The Viable Map Workbook by Steve Morlidge et al Pdf

Beyond Budgeting is an idea that has been around for nearly two decades, and many members of the community have written books about the concepts and how to put them into practice. ​It has become clear, however, that companies attracted to these ideas have sometimes struggled to implement Beyond Budgeting, often because they have not understood the subtlety or the full implications of the ideas and how to execute change. In addition, those of us leading the Beyond Budgeting movement want to have the biggest impact on the world that we possibly can. And to do this we need to find a way to help as many people as possible to join us in putting these ideas into practice, without investing as much time and effort as we have getting to grips with them. ​The Viable Map is based on an idea that we have worked with for a number of years that helps people to describe their current management model in terms that made it easy for them to see what they needed to do to bring it into line with Beyond Budgeting principles. The original ideas have been improved and extended to create a methodology that helps managers and leaders to better understand Beyond Budgeting at a practical level, to describe their existing model, diagnose what is wrong with it and design a better one. ​The key idea in the book is that an organisation’s management model must be coherent, in other words be a good ‘fit’ both the nature of the environment in which it operates and the qualities of its people. ​Thus, its management processes (as defined by the Beyond Budgeting process principles) must be more adaptive when the environment is unpredictable and have a more devolved culture (as defined by the Beyond Budgeting leadership principles). The map itself is a simple grid upon which people can plot their Management Model and the book provides detailed guidance on how to do with with reference to typical practices and methods and how to help ensure coherence, in principle and in practice. It also describes typical ‘patterns’ to look out for, good and bad, and some real-life examples. In summary it will help people translate interest in Beyond Budgeting ideas into practical action and provides a methodology to help guide and coach companies through the transition.

PRESENT SENSE

Author : Steve Morlidge
Publisher : Troubador Publishing Ltd
Page : 304 pages
File Size : 45,9 Mb
Release : 2019-10-04
Category : Business & Economics
ISBN : 9781838591090

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PRESENT SENSE by Steve Morlidge Pdf

In this provocative yet practical guidebook Steve Morlidge demonstrates why the approach and methods of performance reporting that all information professionals have been taught fails, and what we need to do differently to help us make sense of the dynamic, complex and data rich world in which we now live and work. Reporting on performance should not be treated as worthy but dull, requiring no more than routine comparisons of actual against targets. This traditional approach is based on the false premise organisations can be managed as if they were a simple mechanical system operating in a predictable environment. And the methods associated with it, such as variance analyses and data tables that are used to measure and communicate performance, are completely inadequate. Instead, Morlidge argues performance reporting should be reconceived as an act of perception conducted on behalf of the organisation, helping to make sense of the sensory inputs (data) that it has at its disposal. And to do so effectively performance reporters need to learn from and exploit the strengths of our own brains, compensate for its weaknesses and communicate in a way that makes it easy for their audience’s brains to assimilate. Drawing on the latest insights from cognitive science in this book you will learn: • how to bring a dynamic perspective into performance reporting • how to deploy a set of simple tools to help speared the signal from the noise inherent in large data sets and to make sound inferences • how to set goals intelligently • about the grammar of data visualization and how use it to design powerful and simple reports In this way information professionals are uniquely charged with the responsibility for creating the shared consciousness that is a prerequisite for organisations to effectively respond and adapt to their environments.

Beyond Budgeting

Author : Gmkh Getmoreknowhow
Publisher : Independently Published
Page : 0 pages
File Size : 54,7 Mb
Release : 2024-03-19
Category : Business & Economics
ISBN : 9798884976528

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Beyond Budgeting by Gmkh Getmoreknowhow Pdf

Description: This book ditches the idea of traditional budgeting and offers a new approach called Beyond Budgeting. It emphasizes flexibility, adaptability, and using technology to automate your finances and achieve your financial goals. Who Should Read This Book: This book is ideal for anyone who feels frustrated with traditional budgeting and wants a more flexible and adaptable approach to managing their finances. It's perfect for those who are looking to leverage technology to streamline their finances and achieve their financial dreams. Key Takeaways: Beyond Budgeting emphasizes setting financial goals and using rolling forecasts and driver-based planning to achieve them. Rolling forecasts allow you to update your financial plan based on new information and changing circumstances. Driver-based planning focuses on the 2-3 financial factors that most significantly impact your goals, such as savings rate or debt repayment progress. You can leverage technology and financial management apps to automate tasks, track your progress, and stay on track with your financial plan. Beyond Budgeting is a flexible and adaptable system that allows you to adjust your strategies as needed throughout your financial journey. Why You Should Read This Book: If you're tired of feeling stuck in a rut with your finances, Beyond Budgeting offers a refreshing alternative. This book provides a practical and actionable approach to financial planning that can help you achieve your financial goals. With its focus on flexibility, automation, and technology, Beyond Budgeting can empower you to take control of your finances and build a secure and prosperous future.

Budgeting Basics and Beyond

Author : Jae K. Shim,Joel G. Siegel
Publisher : John Wiley & Sons
Page : 450 pages
File Size : 41,7 Mb
Release : 2008-12-03
Category : Business & Economics
ISBN : 9780470454350

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Budgeting Basics and Beyond by Jae K. Shim,Joel G. Siegel Pdf

If the very thought of budgets pushes your sanity over the limit, then this practical, easy-to-use guide is just what you need. Budgeting Basics and Beyond, Third Edition equips you with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. Written by Jae Shim and Joel Siegel, the new edition covers Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!

Present Sense

Author : Dr Steve Morlidge
Publisher : Matador
Page : 274 pages
File Size : 55,9 Mb
Release : 2019-11-01
Category : Business & Economics
ISBN : 8210379456XXX

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Present Sense by Dr Steve Morlidge Pdf

In this book Steve Morlidge shows how the traditional methods of performance reporting fail, and what we need to do differently to help us make sense of our dynamic, complex and data rich world and to effectively communicate these insights to an audience of decision makers. It argues that organisations cannot be managed as if they were a simple mechanical system operating in a predictable environment. And that the variance analyses and data tables typically used to measure and communicate performance are completely inadequate. Performance reporting should not be a routine, mechanistic process. It should be treated as an act of perception performed to help the organization to assess whether and where intervention is needed to improve its performance, informed by the successful strategies used by the brain to make sense of its own super abundant sensory inputs. In order to make sense of the vast amounts of data available to organizations and to communicate the meaning effectively to decision makers, we need to learn to use approaches that exploit the strengths of our own brains and compensate for its weaknesses. From this provocative yet practical book, readers will learn: · About what the latest insights of cognitive science tell us about how to derive meaning from potentially overwhelmingly large data sets. · Why it is important to bring a dynamic perspective into performance reporting, and how it can be done. · To use simple tools that help isolate the signal in noise infected data and to make sound inferences. · The intelligent way to use goals to guide and assess performance. · The grammar of data visualization and how it can be used to design powerful ‘brain friendly’ reports. The ultimate aim of information professionals should be to create the shared consciousness that enables their organizations to quickly respond and adapt to their environments

The Little Book of Operational Forecasting

Author : Dr Steve Morlidge
Publisher : Matador
Page : 177 pages
File Size : 45,9 Mb
Release : 2018-06-01
Category : Business & Economics
ISBN : 9781789013429

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The Little Book of Operational Forecasting by Dr Steve Morlidge Pdf

Operational forecasting sits at the heart of many businesses because it informs every decision taken to get the right amount of product (or service capacity), in the right place, at the right time. But is also one of the most misunderstood and undervalued activities. As a result, most businesses carry enormous amounts of unnecessary inventory while simultaneously failing to offer their customers the level of service that they expect. So, any efficiency or performance improvement initiative is automatically held back by having to drag around this wastage At best, the managers in these businesses may suspect there is scope for improvement but have no idea how much ‘weight’ they can lose or how to go about shedding it. At worst, they assume that trying harder and investing in more “sophisticated” software will automatically take care of the problem because they are blind to the amount of surplus baggage they are dragging around. This book demystifies operational forecasting through a series of bite sized ‘lessons’ supported by simple illustrations, that address the fundamental questions that anyone with an interest or stake in operational forecasting needs to be able to answer: · Why forecast? · What do we need to understand before we start forecasting? · How do we forecast? · What does success look like? · How can we improve? Aimed primarily at forecasting practitioners and anyone responsible for, or reliant on, what they do, this book also is an excellent primer for anyone wanting to understand the process but not the mathematics that comes with most books on the subject. And if you need extra motivation to keep reading, research has shown that poor forecasting is often the single largest source of corporate waste – adding around 2% to your cost of sales. So, read on – your only risk is becoming a corporate hero!

Brave New Work

Author : Aaron Dignan
Publisher : Penguin
Page : 304 pages
File Size : 49,5 Mb
Release : 2019-02-19
Category : Business & Economics
ISBN : 9780525536215

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Brave New Work by Aaron Dignan Pdf

“This is the management book of the year. Clear, powerful and urgent, it's a must read for anyone who cares about where they work and how they work.” —Seth Godin, author of This is Marketing “This book is a breath of fresh air. Read it now, and make sure your boss does too.” —Adam Grant, New York Times bestselling author of Give and Take, Originals, and Option B with Sheryl Sandberg When fast-scaling startups and global organizations get stuck, they call Aaron Dignan. In this book, he reveals his proven approach for eliminating red tape, dissolving bureaucracy, and doing the best work of your life. He’s found that nearly everyone, from Wall Street to Silicon Valley, points to the same frustrations: lack of trust, bottlenecks in decision making, siloed functions and teams, meeting and email overload, tiresome budgeting, short-term thinking, and more. Is there any hope for a solution? Haven’t countless business gurus promised the answer, yet changed almost nothing about the way we work? That’s because we fail to recognize that organizations aren’t machines to be predicted and controlled. They’re complex human systems full of potential waiting to be released. Dignan says you can’t fix a team, department, or organization by tinkering around the edges. Over the years, he has helped his clients completely reinvent their operating systems—the fundamental principles and practices that shape their culture—with extraordinary success. Imagine a bank that abandoned traditional budgeting, only to outperform its competition for decades. An appliance manufacturer that divided itself into 2,000 autonomous teams, resulting not in chaos but rapid growth. A healthcare provider with an HQ of just 50 people supporting over 14,000 people in the field—that is named the “best place to work” year after year. And even a team that saved $3 million per year by cancelling one monthly meeting. Their stories may sound improbable, but in Brave New Work you’ll learn exactly how they and other organizations are inventing a smarter, healthier, and more effective way to work. Not through top down mandates, but through a groundswell of autonomy, trust, and transparency. Whether you lead a team of ten or ten thousand, improving your operating system is the single most powerful thing you can do. The only question is, are you ready?

Strategic Portfolio Management

Author : Katy Angliss,Pete Harpum
Publisher : Taylor & Francis
Page : 524 pages
File Size : 50,9 Mb
Release : 2022-12-30
Category : Business & Economics
ISBN : 9781000826630

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Strategic Portfolio Management by Katy Angliss,Pete Harpum Pdf

This book provides a powerful insight into strategic portfolio management and its central role in the delivery of organisational strategy, maximisation of value creation, and efficient allocation of resources and capabilities to achieve organisational strategic objectives. The book makes a valuable contribution to the development of thinking on the translation of strategy into actionable work. Whether you are a senior manager building a high-performing strategic portfolio for your organisation or an academic searching for new perspectives on strategy execution through portfolio management, you will find great significance in this book. Twenty-eight chapters in four sections provide multiple perspectives on the topic, with in-depth guidance on organisational design for strategic portfolio management and covering all process, capability, and leadership aspects of strategic portfolio management. The book includes several detailed case studies for the effective deployment of strategic portfolios, bringing together theory and practice for strategic portfolio management. This book is particularly valuable for advanced undergraduate and postgraduate students of project and portfolio management, strategic management, and leadership who are looking to expand their knowledge within the multi-project environment. Highly practical and logical in its structure, it also shows project management professionals how to effectively manage their business portfolios and align this with their business strategy.