Podcast

Welcome back to Our Agile Tales, where we continue our conversation with Bjarte Bogsnes to go over case studies from his latest book, This Is Beyond Budgeting. His new book distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.In this episode, we discuss the ingrained corporate budgeting practices, their inefficacies, and how to shift towards more adaptive, event-driven planning. The conversation also delves into the performance management debate and examines Handelsbanken's exceptional model, a bank that has successfully operated without traditional budgets, targets, or individual bonuses since the 1970s. Bjarte emphasizes the importance of separating accounting from forward-looking planning and highlights the impact of empowering employees and fostering transparency in achieving organizational success.Key topics and approximate timestamps00:00 Introduction to Agile Tales01:08 Challenges with Traditional Budgeting02:04 Separating Accounting from Forward Planning03:49 The Importance of Dynamic Management05:47 Rethinking Performance Management09:42 Case Study: Handelsbanken13:50 The Origins of Handelsbanken's Approach17:59 The Evolution of Beyond Budgeting20:46 Handelsbanken's Unique Management Model29:30 Episode ConclusionAbout Bjarte BogsnesBjarte Bogsnes is the Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, where he distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.Bjarte's work demonstrates how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability. The result is creating companies that are not only more responsive but also more human.You can follow Bjarte Bogsnes at https://www.linkedin.com/in/bjarte-bogsnes-41557910/Our music is from https://www.purple-planet.com.Visit us at https://www.ouragiletales.com/about