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

This presentation covers:

- 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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