Summary

This interview is part of a series in which experts respond to questions about some of the persistent issues facing leaders, as they seek to create an adaptive enterprise and achieve new levels of performance. This round features Dr. Fritz Roemer, Senior Business Advisor, The Hackett Group.

The interview focuses on budgeting. Issues covered include the definition of an adaptive organization; the strengths and weaknesses of the conventional budgeting process; an examination of the budgeting concept as an annual performance contract; the opinions of finance managers and line managers regarding the budgeting approach; and the effectiveness of budgeting in goal setting, performance evaluation and reward. The interview also seeks to discover why leaders are unable to move to new models, even though they appreciate the shortcomings of the traditional budget. It also identifies the major cultural barriers for transforming the conventional budgeting process.

Summary

In this article, Bjarte Bogsnes – member of the EPM Review Editorial Board and a leading practitioner-thinker of the Beyond Budgeting philosophy – first scrutinizes the five myths most commonly held about ‘Beyond Budgeting’ and then proceeds to throw light on what the approach actually means for enterprise performance management.

As a concept, Beyond Budgeting has its roots and origins well back in time. However, as a management model, it is just a decade old. Consequently, the concept has not reached a stage where clear and consistent understanding can be safely expected. In fact, a number of myths and misunderstandings have developed about Beyond Budgeting.

Rythm of business  -  I don't know what type of business you are in but from a Strategy Execution methodology perspective, it matters. When I read management literature I find good generic models for forming and executing strategy. And, they all apply the same way for every type of businesses. Whether you are a convenient store or you are a software company.

Summary

In 2006, the Christchurch City Council was the only organization awarded Business Excellence New Zealand’s Performance Excellence Study Award (PESA). Sponsored by the New Zealand Government and businesses, the Award uses the internationally recognized Malcolm Baldrige National Quality Award Criteria.

Summary

This interview is part of a series in which experts respond to questions about some of the persistent issues facing leaders, as they seek to create an adaptive enterprise and achieve new levels of performance.

This interview features Jonathan Chocqueel-Mangan, a UK-based Partner with Heidrick and Struggles, the world's premier provider of senior-level executive search and leadership consulting services. Jonathan was previously an Executive Vice President for the Balanced Scorecard Collaborative. Here, James Creelman, Jonathan’s co-author for the Business Intelligence, UK report ‘Reinventing Planning and Budgeting for the Adaptive Enterprise’, asks the questions.

Summary 

In this entertaining article, author, management consultant and Balanced Scorecard expert Paul Niven takes a closer look at movie making to borrow lessons for making management meetings better.

Ultimately, movies are all about stories and how they progress, scene by scene. While volumes have been written on creating winning scenes, expert screenwriters have found a way to keep it very simple…and very effective.

Live strong - living up to the strategy  - Are your employees living up to the strategy of the company? If not - they are not alone. Only 5% of employees understand the company’s strategy and hence,  they are not able to live up to the strategy.

Summary

In the 1990s, BKK, a Norwegian producer of electrical power, became a vertically integrated provider and also diversified to capitalize on emerging market opportunities such as broadband services. As a result, BKK faced a challenge in aligning managerial principles and approaches across the group. In response, BKK successfully implemented a bottom-up, group-wide process improvement program, driven by the identification of Critical Success Factors (CSFs) and Key Performance Indicators (KPIs).