Beyond Budgeting books
The Leader's Dilemma: How to build an
empowered and adaptive organization without losing control
Many leaders realize that in today's economy it will no longer be the
smart, highly paid people in the corporate centre that drives success.
This book is about rethinking how we manage organizations in a
post-industrial world, the so-called creativity age where innovative
management models represent the only remaining source of sustainbale
competitive advantage.
Drawing on their work in the 'Beyond Budgeting' movement over the
past twelve years, including many interviews and case studies, BBRT
Directors Jeremy Hope, Peter Bunce
and Franz Röösli set out in this book an
executive guide to building a more empowered and adaptive organization
based on the 12 Beyond Budgeting principles.
Reviews
?Every executive will have already had to face the well-known dilemma
between trust and control. Based on the principles described, the
authors succeed in finding a way out of this dilemma. Supported by
concrete practical examples, these twelve principles add up to an
integral management model which encompasses employee engagement,
efficiency and innovation intelligently.?
Philippe Hertig, Managing Partner, Egon Zehnder International
(Switzerland)
?As Albert Einstein once accurately stated, problems can never be
solved using the same approach as that out of which they came. The
management approach in The Leader?s Dilemma is not subject to this
unconscious, but very frequent mistake. It shows an entirely new
approach on leadership and management, which regards organizations as
living systems.?
Erich Harsch, CEO, dm drogerie-markt
?Executives are increasingly recognizing that the traditional model
by which they manage their organizations is obsolete and
counter-productive. In The Leader?s Dilemma, Hope, Bunce and Röösli
radically re-define the core principles of management ? including
accountability, goals, rewards, planning and coordination ? to bring
management into the 21st century.?
Dr Jules Goddard, Research Fellow, MLab, London Business School
?In a dozen clear principles, The Leader?s Dilemma codifies a rethink
of the conventional management model. The book?s approach should be
studied by any company aiming to survive and thrive in a transforming
business landscape.?
Vineet Nayar, CEO of HCL Technologies and author of Employees
First, Customers Second
?The Leader's Dilemma tackles one of the core questions of 21st
century management: How can leaders build an empowered and adaptive
organization without losing control? Building on examples of companies
around the world, Hope, Bunce and Röösli show that this is not a
question of re-engineering the organization one last time; it is a
question of enduring values and open trust.?
Felix Oberholzer-Gee, Andreas Andresen Professor of Business
Administration, Harvard Business School
?Traditional ?command and control? management has shown its
vulnerabilities in a rapidly changing and dynamic world.By using case
examples and specific recommendations, described in twelve principles,
the authors show you how to release the untapped potential that exists
in every organization. In 2008 SpareBank 1 Gruppen started to build a
new management model based on the twelve principles, and I am confident
that this will help to give our company a competitive advantage in the
coming years.?
Kirsten Idebøen, CEO SpareBank 1 Gruppen
More information and sample chapters at
book web site
For more information about the book, the authors and to download
sample chapters go to the book web site at
www.leaders-dilemma.com.
How to order a copy
Hope, J.D., Bunce, P.G., Röösli, F. (2011) The Leader's Dilemma:
How to build and empowered and adaptive organization without losing
control. London, Jossey Bass
www.wiley.com
Beyond Performance
Management: Why, when and how to use 40 tools and best practices for
Superior Business Performance
In Beyond Performance Management, Jeremy Hope and Steve Player offer
answers and critically review forty well-known management tools and
pactices - from mission statements, balanced scorecards and rolling
forecasts to key performance indicators, Six Sigma and performance
appraisals.
Hope and Player help you to select the right frameworks and
approaches based on your organization's needs, then offer guidance on
implementing each one and extracting its maximum value. for each of the
forty tools and practices they review, the authors explain:
- The nature and effectiveness of the tool or practice
- Its potential to improve your organization's performance
- The actions required to maximize the tool's potential
- Resources you can use to dig deeper into each practice
With its rigorous analysis and solid, practical advice, Beyond
Performance Management helps tune out the background noise about
performance management tools so that you can select the ones your
organization needs.
How to order a copy
Hope, J.D., and Player, R.S. (2012) Beyond Performance
Management, Boston, Harvard Business Review Press
Beyond Budgeting: How managers can break free from the annual
performance trap
Written by BBRT co-founders Jeremy Hope and
Robin Fraser and published in 2003 by
Harvard Business School Press, this book sets out the case for an
alternative, coherent management model that enable organizations to
manage performance through processes tailored to today?s volatile market
place. The authors explain the guiding principles that have been
distilled from the study of real, leading-edge companies.
This book is also published in German and Spanish
Reviews:
"Beyond Budgeting distils the new management model for the
Information Age. This is a book for leaders with the courage and insight
to sweep away an enervating management dogma and release the latent
wealth in their organizations."- Gregor Pillen, EMEA Head of
Financial Management Solutions, IBM Business Consulting Services
"Hope and Fraser blast away the 'old' budget approach in Beyond
Budgeting. Their thorough analysis and synthesis of many successful
business cases writes the blueprint for competitive success in the
current turbulent hyper-competitive economic environment." -
Michel J. Lebas, Professor of Management Accounting, H.E.C. School
of Management, France
Hope and Fraser brilliantly expose what lies at the heart of most
failed attempts to foster corporate agility and innovation-the 'fixed
performance contract' and the low trust mindset in which it is set.
Beyond Budgeting is a true paradigm shift! - Steve Morlidge,
Unilever
"Beyond Budgeting has inspired UBS not only to shift its focus away
from traditional, detailed budgets but also to take the next steps and
implement plans with adequate levels of detail; and further redirect its
focus toward trend analysis, scenario planning, and rolling forecasts."
- Peter Thurneysen, UBS AG, Head Group Controlling & Accounting
Most of the solutions generally proposed for management problems
involve putting something new into the organization. In this regard,
beyond budgeting is very different. Perhaps uniquely, it proposes taking
something powerful out to make room for something new and even more
powerful. We have all the tools and techniques we need. What we lack is
the right overall context for them to work effectively. This book
provides a vision for that context. - Charles T. Horngren,
Littlefield Professor of Accounting, Emeritus, Stanford University
How to order a copy:
Hope, J.D., and Fraser, J.R.T. (2003) Beyond Budgeting: How
Managers Can Break Free from the Annual Performance Trap, Boston:
Harvard Business School Press, ISBN 1-57851-866-0
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
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Reinventing the CFO: How financial managers can
transform their roles and add greater value
Written by BBRT co-founder Jeremy Hope and published by Harvard
Business School Press in 2006, this book is based on interviews with
CFOs in leading organizations. Hope contends that it?s time to liberate
CFOs from their number-crunching responsibilities, so that they can lead
managers across their organizations to increase performance.
Reviews:
"Today's CFO must be a change agent and catalyst for driving business
growth. This book helps define that vision with numerous best
practices." - Jim Parke, CFO, GE Capital
"This book redefines the role of finance in the modern organization.
Full of practical lessons, Reinventing the CFO will be
beneficial for every CFO and finance manager." - Gary Crittenden,
CFO, American Express
"Reinventing the CFO captures important developments in the
changing role of the CFO. This is essential reading for individuals
taking on the senior finance role." - Ken Lever, CFO, Tomkins Group
"Reinventing the CFO shows how finance can really make a
difference to long-term performance by liberating people from the
tyranny of targets and top-down controls. Every CFO should read it." -
Lennart Francke, CFO, Svenska Handelsbanken
"A wake-up call for CFOs and their colleagues. Reinventing the CFO
should be compulsory reading for finance executives and for the software
industry as well." -Tom Manley, CFO, Cognos
"This lively book briskly supplies numerous practical examples and
useful insights for how managers can work together to improve
performance management." - Charles Horngren, Littlefield Professor
of Accounting, Emeritus, Stanford University
How to order a copy:
Hope, J.D. (2006) Reinventing the CFO: How financial managers can
transform their roles and add greater value, Boston: Harvard
Business School Press, ISBN 1-59139-945-9
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
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Implementing Beyond Budgeting: Unlocking the
Performance Potential
Written by Bjarte Bogsnes, Project Manager Beyond Budgeting at
Statoil and BBRT Chairman, This book describes the serious and systemic
problems with traditional management practices, and provides concrete
alternatives and practical guidance on how to implement the beyond
budgeting methodology, drawing on actual cases in which the author has
implemented beyond budgeting in large, global companies. It describes
the need for an integrated performance management process across
Strategy, Finance and Human Resources, and presents the many benefits
that can be realized by embarking on a beyond budgeting journey.
Reviews
"A leading practitioner in the Beyond Budgeting movement." ?
Robert S. Kaplan and David P. Norton, from their latest book, The
Execution Premium
"This is an excellent book for those who want to grapple with the
difficult task of radically changing conventional ways of running a
company to more effective ways of doing it and ways more in accordance
with human nature." ? Jan Wallander, Honorary Chairman of
Handelsbanken
"At last, Bjarte Bogsnes has made his experience and enthusiasm for
Beyond Budgeting available to a wider audience with this remarkable
book. I have appreciated his engagement in these important management
issues for many years, and his knowledge and leadership have been
critical in the transformation of our organization." ? Eldar Sætre,
CFO, Statoil
"Bjarte Bogsnes is the only person we know who has implemented Beyond
Budgeting twice! So he is in a unique position to explain how to do it
right. In this very readable account of his Beyond Budgeting journey, he
captures the true essence of Beyond Budgeting?how to release the
ambition and energy of people across the organization who were
previously prisoners of the budgeting process." ? Jeremy Hope,
co-founder of the Beyond Budgeting Round Table and co-author of Beyond
Budgeting
"In today's complex world, it is of strategic importance to focus on
both professional and individual needs. To achieve this, you need
independent and proactive employees, but a hierarchical framework is of
little use when developing these qualities. Bjarte Bogsnes?s book is a
valuable contribution to finding a management approach that is both more
professional and people?oriented." ? Erich Harsch, CEO, dm?drogerie
markt
"Budgets are ingrained in corporate culture despite the tremendous
lack of value they customarily provide. Bjarte takes a pragmatic
approach in his discussion suggesting efforts to move past budgeting. He
balances analytical views with much needed, but often ignored,
discussion on leadership and organizational behavior and offers useful
case studies to illustrate his recommendations in tangible ways." ?
Anand Sanwal, Managing Director, Brilliont, and coauthor of Optimizing
Corporate Portfolio Management: Aligning Investment Proposals with
Organizational Strategy
How to order a copy:
Bogsnes, B (2008) Implementing Beyond Budgeting: Unlocking the
performance potential. London: John Wiley & Sons. ISBN-10:
0470405163 ISBN-13: 978-0470405161
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
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Future Ready: How to master business forecasting
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 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:
- What makes a good forecast?
- What period should a forecast cover?
- How frequently should it be updated?
- What information should it contain?
- What is the best way to produce a forecast?
- How can you avoid gaming and other forms of data manipulation?
- How should a forecast be used?
- How do you ensure that your forecast is reliable?
- How accurate does it need to be?
- How should you deal with risk and uncertainty
- What is the best way to organize a forecast process?
- Do you need multiple forecasts?
- What changes should be made to other performance management
processes to facilitate good forecasting?
?Future Ready? is a guide and a source of insight and inspiration for
practicing managers who recognize 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 skeptical managers or those who are
fearful of letting go, Future Ready helps chart a ?safe? course to a
world without budgets.
View a sample chapter
Reviews
?Will make a difference to the way you think about forecasting going
forward? Howard Green, Group Controller Unilever PLC
?Great analogies and stories are combined with rock solid theory in a
language that even the most reading-averse manager will love from page
one? Bjarte Bogsnes. Vice President Performance Management
Development at Statoil
?A timely addition to the growing research on management planning and
performance measurement.? Dr. Charles T. Horngren, Edmund G.
Littlefield Professor of Accounting Emeritus Stanford University
and author of many standard texts including Cost Accounting: A
Managerial Emphasis, Introduction to Management Accounting, Financial
Accounting
?In the area of Forecasting, it is the best book in the market.?
Fritz Roemer. Leader of Enterprise Performance Executive Advisory
Program, the Hackett Group
How to order a copy
Morlidge, S and Player, S. (2009) Future Ready: How to master
business forecasting. London: John Wiley & Sons
ISBN-10: 0470747056 ISBN-13: 978-0470747056
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
Income to Impact: Financial
Stewardship of Public Sector and Not-for-profit Organisations
As a public sector or not-for-profit CEO, senior executive or board
member your job is to squeeze the maximum value out of your organisation
for beneficiaries. This is the starting point for Adrian Poffley in the
second edition of his authoritative guide to successful financial
stewardship. By Maximising income into impact, he contends,
organisations have the keys to success at their disposal by adopting
five essential principles which he outlines in five chapters: Clear
Strategic Direction; Enabling Environment; Dynamic Financial Management;
Aligned Resources; Robust Financial Framework. Described as a 'door to
new thinking' this lucidly argued and important title is ssential
reading for those with an interest for the performance management of
organisations. Who is this book for? For CEOs, senior executives, board
members and financial managers of public sector and not-for-profit
organisations. Core reading list material for university courses.
The author, Adrian Poffley is a trong supporter of the BBRT and is
Chief Administrative Officer, Human Resources at the World Bank in
Washington. He was Director of Finance at Sight Savers International. He
is a regular keynote speaker on financial issues
Reviews
?Adrian Poffley?s thoughtful, challenging and deeply committed book
comes from a different impulse. With a clear unblinking focus on the
need to maximise the impact of every pound/dollar spent ?Adrian Poffley
brings to this work wide experience, deep knowledge and abundant
commitment to explain.? Julia Unwin CBE, Chief Executive, Joseph
Rowntree
Foundation ?Income to Impact opens a door to new thinking that will
be indispensable to managers of public sector and non-for-profit
oganizations around the world.? Prof. H. Thomas Johnson, Portland State
University, USA 'Income to Impact shows what it takes to succeed?
Michael Barber, former Head of the UK Government?s Delivery Unit
?this book is a necessary read for anybody who is trying to make
their organization relevant, efficient and responsive to its clients
needs.? John Wilton, former Chief Financial Officer, The World Bank
?Adrian Poffley writes with the authority that comes from an
impressive track record? Naaz Coker, Chair of St George's Healthcare
NHS Trust, UK
?Well researched, combining theory with best practice in an
easy-to-read but reflective style. Essential reading for any
professional with responsibility for managing or advising.?
Professor Paul Palmer, Cass Business School
How to order a copy
Poffley, A. (2010). Income to Impact: Financial Stewardship of
Public Sector and Not-for-profit Organisations. London, Directory
of Social Change. ISBN-10: 1906294453
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
from
Directory of Social Change
Employees First, Customers
Second
This book resonates very strongly with the Beyond Budgeting
Principles and beliefs.
When Vineet Nayar took the helm of HCL Technologies (HLCT) in 2005,
the company's legacy of success was threatened by global shifts in the
IT services market that left HCLT struggling to keep up. Five years
later the company has become one of the fastest-growing IT services
partners in the world. What did HCLT do to effect such a transformation?
The secret was to put employees first - customers second, especially
those in the value zone. Vineet Nayar describes how the transformation
advanced through four phases:
- Mirror Mirror: turning employees' eyes away from the past and
toward a better future
- Trust through transparency: building a culture of trust by opening
the books, sharing information and questioning each other
- Inverting the pyramid: making the supporting functions and
management accountable to employees
- Recasting the role of the CEO: transforming the company into a
self-governing organization by transferring responsibility for change
to employees in the value zone
Reviews
"By putting employees first and leveraging the power of social
technology, Nayar and his colleagues have created an organization that
encourages extraordinary contribution from everyone, every day. If you
doubt that it's possible to turn the pyramid upside down - or wonder
whether it's really necessary - I urge you to read this thoughtful and
timely book." Gary Hamel
"Vineet Nayar has a revolutionary idea - that business relationships
are personal relationships, and that a successful company will
understand and integrate that philosophy. Nayar's notion of 'trust,
transparency and the romance of tomorrow' will rejuvenate the corporate
soul" Judy McGrath, CEO, MTV
"Employees are the heart and soul of every company. Vineet Nayar's
book tells the story of how management can step out of the way to let
employees lead - and to let engagement and productivity soar."
Tony Hsieh, CEO, Zappos.com
How to order a copy
Nayar, V. (2010) Employees First, Customers Second: Turning
conventional management upside down. Boston MA, Harvard Business
School Press
ISBN: 978-1-4221-3906-6
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
What Matters Now
MIX co-founder and leading management thinker Gary Hamel shares his
agenda for building organizations that can flourish in a world of
diminished hopes, relentless change and ferocious competition. This is
not a book about doing better. It's not a manual for people who want to
tinker at the margins. Instead, it's an impassioned plea to reinvent
management as we know it?to rethink the fundamental assumptions we have
about capitalism, organizational life, and the meaning of work.
Leaders today confront a world where the unprecedented is the norm.
Wherever one looks, one sees the exceptional and the extraordinary:
- Once-innovative companies struggling to save off senescence.
- Next gen employees shunning blue chips for social start-ups.
- Hundred year-old business models being rendered irrelevant
overnight.
- Investors angrily confronting greedy CEOs and complacent boards.
- Newly omnipotent customers eagerly wielding their power.
- Social media dramatically transforming the way human beings
connect, learn and collaborate.
For more information about
the book, the authors and to download sample chapters go to the
Management Information Exchange web site
How to order a copy
Hamel, G. (2012) What Matters Now: How to win in a world of
relentless chnage, ferocious competition and unstoppable innovation.
San Francisco CA, Jossey-Bass
Go to Amazon.com, Amazon.ca, Amazon.co.uk, Amazon.de or Amazon.fr or
contact your local book seller
Beyond Empowerment
In "Beyond Empowerment: The Age of the Self-Managed Organization" Doug Kirkpatrick introduces a very different approach
to competition in a global economy. Patents expire. Trade secrets leak.
Competitors replicate superior business practices. Systems and talent
are fungible. The only source of lofty and sustained competitive
advantage is the ability to push beyond empowerment into the demanding
yet rewarding frontier of true self-management.
Imagine a consequential company with no human bosses, no designated managers,
no titles, no hierarchy, no visible structure, and no unilateral authority to
fire anyone. Imagine such a company gaining ascendancy in its industry-organized
solely around shared principles of freedom and self-management. Imagine a
company held together by little more than its principles, mission, processes and
a culture of learning and coaching. This is the story of such a company.
Going beyond empowerment means that people have all the power they need to
perform effectively from the vey moment they join an organization, regardless of
the level of responsibility or complexity. They are immune from threats or
coercion. They are free to seek any needed resources or relationships on their
own initiative. They are free to develop themselves and advance organizational
learning. Ultimately they are responsible for results to themselves, their peers
and the organization’s mission.
How to order a copy
Kirkpatrick, D. (2011) Beyond Empowerment: The Age of the Self-Managed
Organization. Morning Star Self-Management Institute, California
