Agile transformation & the elephant in the room
summary
Argues that century-old annual budgets are broken and shows a concrete alternative: a 12‑principle Beyond Budgeting model that splits targets, forecasts and resource allocation into separate processes, uses burn-rate guiding, continuous funding pipeline and transparent league tables, and replaces individual bonuses with collective incentives. Gives cases: Handelsbanken runs no budgets, no targets, no individual bonus and outperforms peers every year since 1972; Equinor moved to continuous investment approvals in 2005; Roche cut travel spend via full transparency. Few adopters revert once they switch.
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chapters (8)
- 0:00Introduction
- 4:19Case for change
- 13:26Budget problems impact
- 23:36Beyond budgeting innovation
- 34:39Getting started
- 40:36Costs without budgets
- 50:58Q&A
- 1:02:17Q&A scalability
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