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We wish all our readers a Happy New Year.
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
23 March 2010: BBRT European Member’s Meeting, Copenhagen, Denmark
The theme of the meeting is The Management Model. The BBRT is concerned with developing and implementing the concepts and principles of a new management model for flexible, adaptive and sustainable organizations and this meeting will continue our exploration of the development and implementation of this model.
Speakers include:
For further information go to: http://www.bbrt.org/meetings/bbrt_45.html
21-23 April 2010: BBRT North America 9th Annual Conference, Dallas, TX, USA
This three-day conference will empower you with the knowledge of the current practices of business forecasting and Beyond Budgeting implementation, as well as techniques for financial planning executives to contribute in the planning and achievement of strategic goals and objectives. You've survived, now learn how to thrive in this volatile world.
Conference highlights:
For the detailed agenda and to register go to: http://www.regonline.com/bbrtconference2010
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 most management tools don't work
Abstract: Management tools and techniques such as Economic Value Added, Activity-Based Costing and benchmarking are the building blocks of every consulting business. But the evidence is that few meet the expectations of their users. While there are many reasons for this, one common thread is that the right cultural context is critical. This paper examines why such a wide range of tools don’t work and how managers can make better selection decisions or derive more value from existing investments in these tools.
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
A series of articles in the Financial Times on 17 and 18 February have
focused on Handelsbanken. Handelsbanken has long been one of BBRT’s star cases
and exemplifies many of the Beyond Budgeting principles. It has emerged from the
financial crisis as one of Europe’ strongest banks, having remained profitable
throughout the downturn without receiving government support. In these articles
the current CEO, Pär Boman and Magnus Uggla, Head of Southern UK Operations
addressed why the bank has ruled out acquiring any of the bank assets soon to be
sold by UK banking groups. Pär Boman stated that “Our strategy is to grow
organically. We’re not open to huge acquisitions. It’s not important to be
large. Our focus is to have the most satisfied customers”. On growth in the UK
he said that “There are no budgets, no timetables for growth. But in the UK the
potential is extremely huge. I can’t see any limit to our expansion”.
Mr Boman questioned the entire business case for bonuses. “I do not believe that
you can combine long term commitments with short term incentives,” he said.
“That doesn’t mean I’m against bonuses in principle but, in our company, we
cannot see that they will help … in the long term”. Handelsbanken does pay a
reward to all its staff, but this is a percentage of the profit made by the
bank, and it’s paid into a retirement fund. So no profit, no reward (RBS take
note).
You can read all the articles by following these links:
At BBRT Online
Knowledge web site you BBRT Briefing Papers on many subjects relating to
Beyond Budgeting may be purchased (for a small fee of £35 each). They are
grouped under the headings of Leadership & Strategy, Finance, Tools, Marketing &
Sales, Operations, Human Resources and Recession. In addition you can download
free BBRT White Papers.
To view and download the Briefing Papers and White Papers, go to
http://www.bbrt.org/bb-briefing/ and register. The Briefing Papers are
available free to BBRT members via the private BBRT Members’ Community webs
site.
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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