One hundred years ago, James McKinsey (the founder of the well known consulting company) published "Budgetary Control" - and his framework was quickly adopted everywhere. But in today's VUCA world, the budgeting process has increasingly become an obstacle as organizations try to increase agility. In this episode of Work Matters, Thomas Bertels welcomes Bjarte Bogsnes. A pioneer of the Beyond Budgeting movement, he headed up its implementation at Equinox and Borealis. Bjarte is the founder of Bogsnes Advisory, winner of a Harvard Business Review/McKinsey Management Innovation award, and author of "Implementing Beyond Budgeting - Unlocking the Performance Potential." In our discussion, Bjarte shares the principles, advantages, best practices, and challenges to implementing Beyond Budgeting from his decades long journey.
