In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

Why is this workshop important?

The level of volatility, uncertainty, complexity, and ambiguity in business environments is at a record high. Traditional management was invented for very different times and is today in serious trouble. Also, today, people expect more from work than just a paycheck.

How can we create an environment where people get the conditions to be happy and perform and at the same time contribute to strategic goals? In a world where the only competitive advantage that remains is to learn faster than everybody else and cause and effect no longer makes sense, we will show you new ways of working where people and interactions are more valued than processes and tools.

The close relationship between Beyond Budgeting – and Agile

In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

What will You Learn?

In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

Agenda

The problems with traditional management, including budgeting and the linked to fixed performance targets
Human view X and Y and the importance of trust to release creativity, learning and performance
New ways of working with performance management: Team goals, OKRs, Salary Formulas and peer based performance evaluations
  • Beyond Budgeting – the adaptive management model
  • The background
  • The philosophy
  • The 12 principles

.

Companies on the journey; examples of how they operate

  • The Equinor story – the ”Ambition to Action” model; Redefining performance – dynamic and relative targets and a holistic performance evaluation
  • Agile Performance management at large Swedish companies
Examples of self-regulating management mechanisms using transparency and peer-pressure instead of micro-management and control
.

The KPI pitfalls and the OKR advantages

  • The fixed target linked to bonus problem
  • What to do instead to increase performance for the whole organization

.

Beyond Budgeting and Agile People

The Beyond Budgeting Roundtable and Agile People – for inspiration and networking
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