TathagatVarmaThoughtLeadership.in

Pic:h7p://bbrt.org/wp-content/uploads/2014/11/BBI.jpg

2014:Founded“Thought

Leadership”

2015:Wrote“AgileProduct

Development”

(2016):Thinking…

ideaQng...wriQngAgileCultures

Are“Budgets”theculprit?

ThebudgetisatoolofrepressionratherthaninnovaQon–BobLutz,Ex-CEO,Chrysler

BudgeQngisanunnecessaryevil–Dr.JanWallander,HonPresident,SvenskaHandelsbanken

ThebudgetisthebaneofcorporateAmerica–JackWelch,Ex-CEO,GE

Courtesy:BeyondBudgeQng

OldbudgeQngmodel…

Courtesy:BeyondBudgeQng

…inanewchangingenvironment?

Courtesy:BeyondBudgeQng

BudgeQng?

“Theword‘budgeQng’isnotusedinitsnarrowsenseofplanningandcontrol,butasagenerictermforthetradi/onalcommandandcontrolmanagementmodel(withtheannualbudgetprocessatitscore).Inthiscontextitdescribesbothamanagementcultureandaperformancemanagementsystem.”

h7p://bbrt.org/about/what-is-beyond-budgeQng/

BeyondBudgeQng?

•   BeyondBudgeQng’meansbeyondcommand-and-controltowardamanagementmodelthatismoreempoweredandadap/ve.

•   BeyondBudgeQngisaboutrethinkinghowwemanageorganizaQonsinapost-industrialworldwhereinnovaQvemanagementmodelsrepresenttheonlysustainablecompeQQveadvantage.ItisalsoaboutreleasingpeoplefromtheburdensofsQflingbureaucracyandsuffocaQngcontrolsystems,trus/ngthemwithinformaQonandgivingthem/metothink,reflect,share,learnandimprove.

h7p://bbrt.org/about/what-is-beyond-budgeQng/

•   “BeyondBudgeGng…isaposiGveideathatusestheabandonmentofbudgeGngasatriggerforimprovingtheenGremanagementcontrolprocess.”

•   It’samodel,notatool!

12Principles(2011)

Leadership

Governanceand

Transparency

Values Governance Transparency

AccountableTeams

Teams Trust Accountability

Process

Goalsand

Rewards

Goals Rewards

PlanningandControls

Planning CoordinaQon Resources Controls

h7p://bbrt.org/about/the-beyond-budgeQng-principles/

Ok,soAgileatteamslevelandthisnewthingyatOrglevel?

CompaQbleorganizaQonalvalues

Complementarytoeachother

Decision-makingbyempiricism

References•   WhoNeedsBudgets?–JeremyHopeandRobinFraser,h7ps://hbr.org/2003/02/who-needs-budgets,

•   BeyondBudgeQng:AProvenGovernanceSystemCompaQblewithAgileCulture,h7p://www.agilealliance.org/files/1514/0363/7286/BeyondBudgeQngAgileWhitePaper_2014.pdf

•   CaseReport:Handelsbanken:Consistencyatitsbest•   Takingrealityseriously–towardsamoreself-regulaQngmodelatStatoil,h7p://www.managementexchange.com/story/taking-reality-seriously-towards-more-self-regulaQng-management-model-statoil