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About the BBRT
The Origins
The Beyond Budgeting Round Table (BBRT) was set up in response to growing dissatisfaction, indeed frustration, with traditional budgeting. Accordingly, in late 1997 we set up the Beyond Budgeting Round Table (BBRT) with CAM-I, an international research consortium. Thirty-three companies joined us in 1998 to find out how companies had replaced budgeting and whether this alternative model was really different (and better). Since then over sixty companies in total have joined the BBRT and funded our research. They have travelled this journey with us, shared in the learning process, and challenged our thinking at every stage. Although the BBRT's origins are in the United Kingdom, members have joined us from many countries, including Belgium, France, Germany, Holland, Norway, South Africa, Sweden, Switzerland, the United Kingdom, and the United States.
The Principles and Implementation
All member companies joined because they recognized that the budgeting approach was increasingly causing dysfunctional behaviour as well as being out of kilter with their competitive environment. Despite these concerns, however, few were convinced at the outset that there was a viable solution. Our task was to provide this solution. We did this by first identifying those companies that had abandoned budgeting, visiting them, and then (through case reports and presentations) reporting back to BBRT members. By extracting best practices we gradually pieced together a coherent set of common principles and processes that have formed the framework of what has since become known as the Beyond Budgeting Model. It has taken a few years for many BBRT members to move from being curious observers to committed implementers. They needed to be convinced by the evidence. We believe that our step-by-step approach to producing a set of principles, then a diagnostic, and finally an implementation guide, provided this evidence, and has given them the confidence to proceed.
Expansion
In recent years we have established sister BBRT's in North America, Australasia and Brazil.
Thought Leaders
The BBRT is now acknowledged to be a thought leader on the subject of Beyond Budgeting within devolved and adaptive organizations.
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