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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 web site at www.bbrt.org.
Why strategy should be a direction rather than as a destination
There is much talk today about becoming a “strategy focused organization.” But is this the right approach in an increasingly unpredictable world in which major events such as terrorist attacks, environmental disturbances or rapid market movements can disrupt or derail any carefully crafted strategy? Focusing too much on strategy and not enough on flexible response can be a recipe for disaster. The answer, as this paper explains, is to set a strategic direction but have the capability to change quickly in response to emerging events. This requires a less rigid planning process, more strategy capability in the hands of front line teams and performance management processes that support this capability.
How to remove the systematic barriers to innovation
Large organizations, with rare exceptions, are poor at innovation. Yet in overcrowded markets and with the increasing commoditization of products, innovation is what they desperately need to grow the top-line. This paper suggests that the real problem facing these organizations is that their management systems work against creative thinking and undermine efforts at innovation. This means that to overcome these problems, managers need to redesign their systems and harness the creative ideas of their people.
The BBRT INSIGHTS research papers are delivered to BBRT members on a regular basis. BBRT members can download the full paper from the BBRT Private Forum. Join the BBRT to get access to the full papers and all the past BBRT research material.
Healthcare and Lean Enterprise Adaptive Planning (LEAP) Interest Group meetings, 18-19 June
The BBRT Healthcare and LEAP Special Interest Groups met on June 18-19 in Minneapolis, MN. Park Nicollet Health Services hosted the event and presented attendees with extensive information on how the $1- billion health services provider used lean planning and the BBRT principles to save over $15 million and reduce costs for five years in a row. Target editor-in-chief Robert "Doc" Hall, a renowned Lean expert with the Association for Manufacturing Excellence, spoke about the evolution of today's lean enterprise. The meeting presentations are available for BBRT members to view online in the private member forum.
Contact Steve Player for more details about BBRT in North America and these interest Groups
BBRT Public Sector Interest Group meeting, 11 July
BBRT's Public Sector Interest Group met on 11 July in London to address the theme of process management, cost allocations and internal markets. Each of the participating organizations made a short presentation on what they were doing in relation to the theme, their success and challenges and their future plans. The group concluded that if an organization really wants to 'sense and respond' to its individual customer requests then it must not only re-design its processes to enable this to happen, but also re-design its performance management model. They also concluded that the potential benefits of systems thinking (or lean thinking) are so compelling that it just has to be the right approach for any organization, public or private.
Contact Peter Bunce for more details about BBRT in Europe and PSIG membership
The BBRT would like to welcome the following new members:
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
BBRT, 745 Ampress Park, Lymington, Hampshire SO41 8LW, UK Tel: +44 1590 679803 Fax: +44 870 705 8799 Email: email@example.com
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