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The 12 Beyond Budgeting Principles

Get a quick overview of the 12 Beyond Budgeting Principles, explained by the Beyond Budgeting Institute's core team.

For more information regarding the Beyond Budgeting Institute, please visit: https://bbrt.org/ or watch the video series on Youtube here: https://www.youtube.com/user/beyondbudgetingorg/videos

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The 12 Beyond Budgeting Principles

  1. 1. The 12 Beyond Budgeting Principles Explained by members of the core team
  2. 2. The purpose of this presentation is to highlight the 12 main points of the Beyond Budgeting Principle. For a full summary please click here.
  3. 3. Introduction Presented by Bjarte Bogsnes Chairman, Beyond Budgeting Institute The purpose of the Beyond Budgeting Principles is to liberate organizations from the command and control of traditional management. To create an organization that is more adapted, more empowered, that is more agile, more human and one that performs better. We need a radical change in the way we lead and manage. We've described a path to make this happen through 12 Beyond Budgeting Principles focused on leadership and management processes. Click here to watch the video with Bjarte Bogsnes
  4. 4. Principle 1: Purpose Presented by Anders Olesen Director of Beyond Budgeting Institute Engage & inspire people around bold and noble causes; not around short-term financial targets. Click here to watch the video with Anders Olesen
  5. 5. Principle 2: Values Presented by Dag Larsson Member of the Beyond Budgeting Core Team Govern through shared values and sound judgement; not through detailed rules and regulations Click here to watch the video with Dag Larsson
  6. 6. Principle 3: Transparency Presented by Steve Player Director BBRT North America Make information open for self-regulation, innovation, learning and control; don't restrict it Click here to watch the video with Steve Player
  7. 7. Principle 4: Organisation Presented by Franz R��sli Member of the Beyond Budgeting Core Team Cultivate a strong sense of belonging and organise around accountable teams; avoid hierarchical control and bureaucracy Click here to watch the video with Franz R��sli
  8. 8. Principle 5: Autonomy Presented by Dag Larsson Member of the Beyond Budgeting Core Team Trust people with freedom to act; don't punish everyone if someone should abuse it Click here to watch the video with Dag Larsson
  9. 9. Principle 6: Customers Presented by Steve Player Director BBRT North America Connect everyone's work with customer needs; avoid conflicts of interest Click here to watch the video with Steve Player
  10. 10. Principle 7: Rhythm Presented by Bjarte Bogsnes Chairman, Beyond Budgeting Institute Organise management processes dynamically around business rhythms and events; not around calendar year only Click here to watch the video with Bjarte Bogsnes
  11. 11. Principle 8: Targets Presented by Franz R��sli Member of the Beyond Budgeting Core Team Set directional, ambitious and relative goals; avoid fixed and cascaded targets Click here to watch the video with Franz R��sli
  12. 12. Principle 9: Plans and Forecasts Presented by Steve Player Director BBRT Nort America Make planning and forecasting lean and unbiased processes; not rigid and political exercises Click here to watch the video with Steve Player
  13. 13. Principle 10: Resource Allocation Presented by Anders Olesen Director of the Beyond Budgeting Institute Foster a cost conscious mind-set and make resources available as needed; not through detailed annual budget allocations Click here to watch the video with Anders Olesen
  14. 14. Principle 11: Performance Evaluation Presented by Bjarte Bogsnes Chairman, Beyond Budgeting Institute Evaluate performance holistically and with peer feedback for learning and development; not based on measurement only and not for rewards only Click here to watch the video with Bjarte Bogsnes
  15. 15. Principle 12: Rewards Presented by Franz R��sli Member of the Beyond Budgeting Core Team Reward shared success against competition; not against fixed performance contracts Click here to watch the video with Franz R��sli

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