[Night Session] Beyond Budgeting Dialogue: Theory Meets Practice in Japan
summary
Beyond Budgeting in Japan presents concrete implementations: Hiroshima Bank removed cascaded financial targets in 2023, lets branches set their own targets, shifted headquarters’ role to partner with seven dedicated planners, and tied senior bonuses to group profit and staff pay to action plans while aggregated branch targets meet or exceed corporate goals. A Norwegian public-sector pilot removed cost budgets, reported a 50% reduction in external costs in year one, and scaled across centers, showing less gaming and more customer-focused decisions.
AI-written summary · about
chapters (18)
- 0:00Welcome
- 1:10Traditional budgeting premise
- 4:59Beyond Budgeting principles
- 5:21Japanese management styles
- 9:16Middle-up-down management
- 12:39Beyond Budgeting in Japan
- 15:11Hiroshima Bank case study
- 25:32Reactions to Hiroshima Bank
- 27:19Starting Beyond Budgeting
- 30:47Influencing change
- 31:30Transformation success cases
- 34:06Public sector case study
- 35:11Key concerns
- 36:16Spreading awareness
- 37:45Leadership mindset
- 39:10Implementation starting points
- 40:12Final recommendations
- 41:37Closing
related talks
32mAddressing Complexity by Learning fast with BOSSA nova
35mThe high cost of ‘cheap’ facilitation
47mBounded rationality, complex Systems and Agile principles
27mFunding an Agile Train explained through holidays
21mHow to Drive Economic Value Through Cost Management and Optimisation
11mLightning Talks
41mA Sprint in Tokyo: An Agile Journey to Japan
48mOrienting for Outcomes