The Finance Transformation

Steve Player BUDGETING & REPORTING: Finance expert Steve Player supplies the Business Finance community with...more

On the road: at Lambeau Field in Green Bay, WI

On the Road in Wisconsin and Illinois

This week I am traveling in Wisconsin from Green Bay to Milwaukee and to Chicago by week’s end. I am working with companies at the front line of their finance transformation efforts. Our discussions and workshops are as much about how we manage culture and change as they are about the technical aspects of new approaches.


An unexpected trend has been occurring. I am increasingly finding organizations that have already convinced themselves that they need to change. They are eager skip any discussion of the need for change (they want to move straight to changing). I typically find their leadership driving this effort, urging their people to get on with it. This is a very refreshing trend, as it indicates the many years of planting seeds are finally yielding fruit. The speed of implementation is accelerating. My previous post on the OODA loop provides useful information on becoming adaptive. more

Beyond Budgeting Books

I recently mentioned that my new book on forecasting, Future Ready: How to Master Business Forecasting (Wiley & Sons, 2010), will be out early next year.


In the meantime, if you’re looking for insights on the Beyond Budgeting principles and their application (as well as for general insights on improving organizational planning and control capabilities), here’s a link that provides reviews and ordering information on the following three titles:


more

Ready for the Future?

In an earlier entry, I mentioned Chet Richards’s book Certain to Win, which is about Colonel John Boyd’s OODA Loop. In this posting, I want to share how we came up with the name for the next book I am co-authoring.


It wasn’t easy.


The book is about forecasting. It will be published by Wiley & Sons early next year. The publishing team, co-author Steve Morlidge and I, brainstormed several titles, none of which quite resonated. more

Observe, Orient, Decide, and Act

One of the most enjoyable facets of the annual Beyond Budgeting Round Table (North America) conference, which took place in San Francisco last month, is the side discussions that take place among members, presenters, and other attendees.


John Boyd’s name inevitably crops up in some of these chats.


Boyd was a colonel in the U.S. Air Force and a highly influential military strategist whose insights also apply to business strategy. He devised the “OODA Loop,” first as an approach to air-to-air combat and then later as a much broader military strategy.


The acronym stands for “Observe, Orient, Decide, and Act,” and it helps illustrate one of the keys to the success of the Beyond Budgeting model. more

More Conference Insights, and a Webcast

In a previous post, I mentioned the strong attendance at the Beyond Budgeting Round Table’s annual conference in San Francisco.


I’m going to share a few other high-level conference insights below. However, if you want a more interactive discussion, please tune in to our Post-Conference Webcast at 10 a.m. CST on Tuesday, June 9. The webcast will include a rundown of the event by featured conference speaker Bjarte Bogsnes, who is currently heading up a Beyond Budgeting implementation at the Norwegian oil company StatoilHydro, which is Scandinavia’s largest company. Bogsnes is also the chairman of BBRT Europe and one of the few persons to lead two different Beyond Budgeting implementation efforts, having previously done so for Borealis. more

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