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Thank you for your interest in BBRT. Welcome to the BBRT global newsletter, which is designed to keep you informed of developments in Beyond Budgeting and the BBRT. For further information visit our global web site at www.bbrt.org.
What's in the Newsletter
January 2010
March 2010
April 2010
Finance Transformation Blog
Steve Player (BBRT Director North America) is now authoring a Finance Transformation blog for Business Finance Magazine. You can connect to this blog at www.bigfatfinanceblog.com
BBRT INSIGHTS research series
The following paper has been circulated to BBRT members since the last Newsletter:
Why you should make recognition and rewards fair, consistent and inclusive
Abstract: Most of the debate about compensation is focused on pay-for-performance. Too little is focused on recognition and how to make reward systems more fair and inclusive. This paper looks at how a number of organizations have implemented recognition and rewards systems that embrace the whole organization and that have stood the test of time.
BBRT members can download the full papers from the BBRT Members' Community (formerly Private Forum) at www.bbrt.org/online. Join the BBRT to obtain this and previous papers – contact Peter Bunce at peterbunce@bbrt.org, or Heather Bryce at heather@theplayergroup.com
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.
This book, written by Steve Morlidge, BBRT Associate and Steve Player, BBRT Director North America, sets 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. Conventional budgeting does not give managers the visibility they need to steer businesses in an increasingly turbulent world, indeed the budgeting mindset is one of the things that undermines good forecasting.
Written in an engaging and thought provoking style, ‘Future Ready’ leads the reader to answers to questions such as:
‘Future Ready’ is a guide and a source of insight and inspiration for practicing managers who recognise that their forecast processes are broken and need fixing.
For our community it is an implementation guide for those who have decided to start their Beyond Budgeting journey here. For potential implementers having to deal with sceptical managers or those who are fearful of letting go, Future Ready helps chart a ‘safe’ course to a world without budgets. ‘Future Ready’ has its own web site at http://www.futurereadybook.com/.
‘Future Ready’ has been released in the UK and will be released in the USA on 8 February 2010. It can be ordered from Amazon via our web site at: http://www.bbrt.org/resources/bbbook.html#book4.
BBRT is an independent international shared learning network for all organizations that seek to improve their performance management through sharing information, past successes and implementation experiences. Our purpose is to help organizations introduce a new management model for the innovation age.
For more information, please visit www.bbrt.org, email Peter Bunce, or call +44 1590 679803, email Heather Bryce or call +1 214 239 0155
BBRT, 1st Floor 745 Ampress Lane, Lymington, Hampshire SO41 8LW, UK
Tel: +44 1590 679803 Fax: +44 871 266 4125 Email: info@bbrt.org
BBRT, 5501 LBJ Freeway, Suite 105, Dallas, TX 75240, USA Tel: +1 214 239 0155
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