Being Human #151 Kick Out Your Budget - with Bjarte Bogsnes
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In this episode of Being Human, we talk with Bjarte Bogsnes, Chairman of The Beyond Budgeting Institute and an HBR/McKinsey Management Innovation Award winner.
Beyond Budgeting is a movement from CFOs themselves to kick out budgets from corporations. Yes, you read that correctly, CFOs burning budgets, and Bjarte was ripping them up before Beyond Budgeting was a thing.
How does this relate to Being Human, you might ask? Well, the budgeting process, when you really think about it, is one of the most stifling and humanity-killing aspects of our working lives. Eliminating them represents a major vote for trusting in people's greatness and their ability to make wise choices.
In this episode, we explore:
- Why budgets must go
- What to do instead
- How trust demands leadership
- Killing targets
- Getting onboard
Enjoy!
To your humanity,
Richard
Links:
Implementing Beyond Budgeting - Bjarte's Book
Beyond Budgeting - The Original Book