Enabling Business Agility through Finance and HR with Bjarte Bogsnes and Pia-Maria Thoren

Overview

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.

This workshop is part of the Öredev Conference

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

• 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

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

Location

Facilitator: Bjarte Bogsnes

Bjarte has a long international career, both in Finance and HR, and almost 25 years of experience from implementing Beyond Budgeting. He is the author of the book “Implementing Beyond Budgeting”where he describes the implementation at two large European companies, Equinor (formerly Statoil) and Borealis.

Bjarte is the chairman of Beyond Budgeting Roundtable (BBRT) and is a popular international business speaker. Bjarte is also the winner of a Harvard Business Review/McKinsey Management Innovation award.