Enabling Business Agility through Finance and HR with Rikard Olsson and Pia-Maria Thoren

Traditional management was invented for very different times and is today in serious trouble

The level of VUCA; volatility, uncertainty, complexity and ambiguity in our business environments is at a record high. People also expect more from work than just a paycheck. How can we enable performance in these new business and people realities? How can we create more VUCA-robust management models, which also works with and not against human nature? How can we create a more engaging work environment, where people perform at their best because they want to, not because they are told to, and where learning faster than others is key?

This workshop will show you new ways of working, where people and interactions are more valued than processes and tools, and where responding to change is more important than following a plan. Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology– and product innovation!

The close relationship between Beyond Budgeting – and Agile

In this workshop, you will get unique insights into Business Agility in practice, both from a managerial, financial and human perspective. You will benefit from Rikard Olssons' and Pia-Maria Thorén’s extensive experience from organizational and managerial models and cultures which enables performance and success in a complex world. Companies all over the world have embarked on radical transformation journeys, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005. This and many other great case stories and practical examples will be shared, and participants will have the opportunity to try out different exercises in groups.

Learn how to trust and empower without losing control, and 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. Rikard 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.

Program

• The problems with traditional management, including budgeting and the link to fixed performance targets and rewards
• Human view X and Y and the importance of trust to release creativity, learning and performance
• From managing to enabling performance by changing the system
• 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
• Cases of Agile Performance models 
• Other case stories
• 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 bonus problem and what to do instead

Course Leaders: Rikard Olsson & Pia-Maria Thoren

Rikard Olsson is the Managing Director of the Beyond Budgeting Institute, which also includes the international Beyond Budgeting Round Table (BBRT) network and the Beyond Budgeting Advisory group. In addition, Rikard is a Partner at Ekan Management, a Swedish consulting company specializing in helping private and public organizations improve their management practices.

Before joining the Beyond Budgeting Institute, Rikard worked 15 years in various finance and management positions in international companies. Rikards career started at the School of Business, Economics and Law at the University of Göteborg. Rikard have also studied International Politics and have a Diploma in Business Performance from The Stockholm School of Economics. Rikard have been holding lectures in Management at Universities in Sweden, as well as courses in Financial Management, The Modern Finance Function and Beyond Budgeting for several years. He is also been a speaker and chair on international conferences regarding the subjects above.

Pia-Maria Thorén, has 25 years of consultant experience from large Swedish and international companies within HR and leadership. She is the founder of GreenBullet and Agile People and the author of the book  Agile People – A Radical Approach for HR and Managers (That Leads to Motivated Employees) and the Agile People Picturebook

Beyond Budgeting and Agile People

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