2017 Presentation - Beyond Budgeting: Management Innovation for New Business and People Realities

  • The Statoil implementation journey
  • The problems with traditional management, including budgeting
  • The Beyond Budgeting principles and companies on the journey
  • Statoil’s “Ambition to Action” model

                - Redefining performance - dynamic and relative targets and a holistic performance evaluation            
                - Dynamic forecasting and resource allocation and no traditional budgets
                - From calendar-driven to event-driven; a more self-regulating management model
                - Implementation experiences and advice

Bjarte Bogsnes, Vice President, Performance Management Development, Statoil

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