Podcasts about beyond budgeting round table

Welcome back to Our Agile Tales as we continue our conversation with Bjarte Bogsnes, exploring case studies from his latest book, This Is Beyond Budgeting. The book distills nearly three decades of experience challenging traditional budgeting, targets, and control-based management.In this final episode of the series, we discuss with Bjarte what distinguishes business models (external interaction) from management models (internal organization). He introduces the Viable Map, inspired by the Business Model Canvas, to help management teams assess their management model against the 12 Beyond Budgeting principles, considering business environment from SUSO (simple, understood, stable, orderly) to VUCA and employees on a Theory X–Y scale. He emphasizes the need for coherence between values/purpose-based leadership claims and often “fixed” budgeting processes, calling mismatches “poisonous gaps.” He argues listed companies can adopt beyond budgeting, as markets want sustainable performance, and recommends starting by separating budget purposes—targets, forecasts, and resource allocation—implemented in parallel. He contrasts beyond budgeting's enterprise-wide focus with Agile's origins in software, shares disappointing and rewarding client experiences, and points listeners to bbrt.org and key books.Key topics and timestamps00:00 Welcome and Guest Intro01:09 Business vs Management Models01:59 Viable Map Framework05:16 Assessing Coherence Gaps08:02 Empowerment Needs Process Change09:40 Markets Wall Street Myths12:08 Why Beyond Budgeting Sticks14:34 Where to Start Separating Budgets17:45 Pilots vs Big Bang19:12 Disappointing Transformation Story21:20 Most Rewarding Successes23:06 Learn More About Beyond Budgeting25:20 Wrap Up and Next SeriesAbout Bjarte BogsnesBjarte Bogsnes is Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, showing how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability — creating companies that are both more responsive and more human.Follow Bjarte at:https://www.linkedin.com/in/bjarte-bogsnes-41557910/Music: https://www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales as we continue our conversation with Bjarte Bogsnes, exploring case studies from his latest book, This Is Beyond Budgeting. The book distills nearly three decades of experience challenging traditional budgeting, targets, and control-based management.In this episode, we discuss with Bjarte  how target setting evolved at Equinor from 2005 onward through separating target setting, forecasting, and resource allocation, including allowing indicators without targets and emphasizing team-set, often more ambitious goals and relative “reality targets” versus peers. Bjarte says Beyond Budgeting adoption spans many industries, is stronger in Europe, and is equally relevant in the public sector, citing Norway's NAV contact centers eliminating cost budgets and a 12,000-inhabitant municipality using self-managed teams, continuous decisions, and stakeholder alignment while still submitting an external “budget.” He argues budgets embed distrust and predictability assumptions, making true agility impossible without Beyond Budgeting, challenges absolute annual financial targets, and advocates relative targets, holistic evaluation, and common incentives. Finally, he describes surveys by Boston Consulting Group and Bain & Company linking Beyond Budgeting to benefits like higher sales and leading financial planning practices.Key topics and timestamps00:00 Welcome and Guest Intro01:06 Evolving Targets at Equinor03:39 Who Adopts Beyond Budgeting05:14 Public Sector Breakthroughs05:41 NAV Pilot No Cost Budgets07:10 Municipality Self Managed Teams10:00 Funding Constraints Not Earmarks14:24 Why Budgets Block Agility18:24 No Budget No Targets22:09 Forecasting and Ambition23:28 Consulting Surveys and Benefits27:16 Wrap Up and Next EpisodeAbout Bjarte BogsnesBjarte Bogsnes is Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, showing how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability — creating companies that are both more responsive and more human.Follow Bjarte at:https://www.linkedin.com/in/bjarte-bogsnes-41557910/Music: https://www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales as we continue our conversation with Bjarte Bogsnes, exploring case studies from his latest book, This Is Beyond Budgeting. The book distills nearly three decades of experience challenging traditional budgeting, targets, and control-based management.In this episode, we ask why Silicon Valley firms rarely appear in Beyond Budgeting case studies; Bjarte posits that these companies excel at technology innovation but fear management innovation, sometimes reinforced by IPO-focused CFOs, though being public is not a true barrier (Many Beyond Budgeting adopters are listed on Wall Street.) He explains Beyond Budgeting can improve performance in both good and tough times and cites Handelsbanken's long-term stability. The discussion covers Morningstar's self-management and the need for enterprise-wide coherence, then Haier's radical micro-enterprise model and rapid evolution.Finally, Bjarte details Equinor's (formerly Statoil) beyond budgeting journey since 2005 via “Ambition to Action,” integrating strategy, risk, actions/forecasting, indicators, and HR with a 50/50 split between “what” and “how,” emphasizing transparency, event-driven cadence, decentralized ownership, and holistic performance evaluation.Key topics and timestamps00:00 Welcome01:05 Why Silicon Valley Lags in Management Innovation04:11 Public Markets and Budgets04:53 Boom Bust and Stability06:40 Morningstar and Self Management08:48 Haier Radical Micro Enterprises13:00 Equinor Beyond Budgeting Origins16:32 Ambition to Action Framework20:11 Alignment Cadence and Transparency25:37 Holistic Performance Evaluation28:15 Wrap Up and ConclusionAbout Bjarte BogsnesBjarte Bogsnes is Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, showing how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability — creating companies that are both more responsive and more human.Follow Bjarte at:https://www.linkedin.com/in/bjarte-bogsnes-41557910/Music: https://www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales as we continue our conversation with Bjarte Bogsnes, exploring case studies from his latest book, This Is Beyond Budgeting. The book distills nearly three decades of experience challenging traditional budgeting, targets, and control-based management.In this episode, Bjarte discusses David Lloyd Clubs' Beyond Budgeting shift starting in October 2019 and how it helped during the 2020 pandemic through greater local autonomy and faster, more continuous funding decisions. He explains the core change of separating budget purposes into distinct processes for target setting, forecasting (as non-binding forecasts), and resource allocation, with more local decision-making and a revised cadence beyond annual budgets. Bogsnes addresses budget gaming by isolating it to target setting and using relative performance and transparency to encourage improvement while avoiding naming-and-shaming, emphasizing holistic performance evaluation when measures are absolute. The conversation also covers beyond budgeting relevance to the public sector via a pilot in Sogndal Municipality, Norway, and TDR Capital's role as a private equity owner encouraging portfolio companies to adopt beyond budgeting, including examples like Stonegate and BPP.Key topics and timestamps00:00 Welcome01:06 Pandemic Autonomy Lessons02:54 Separating Budget Purposes06:11 Funding Autonomy And Cadence07:28 Stopping Gaming With Benchmarks12:31 Transparency Without Shaming14:24 All 12 Principles In Practice15:05 Beyond Budgeting In Government20:04 Collaboration And Member Impact22:45 TDR Capital's Playbook25:41 How To Start The Journey27:15 Private Equity Differentiator28:11 Wrap Up and ConclusionAbout Bjarte BogsnesBjarte Bogsnes is Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, showing how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability — creating companies that are both more responsive and more human.Follow Bjarte at:https://www.linkedin.com/in/bjarte-bogsnes-41557910/Music: https://www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales as we continue our conversation with Bjarte Bogsnes, exploring case studies from his latest book, This Is Beyond Budgeting. The book distills nearly three decades of experience challenging traditional budgeting, targets, and control-based management.In this episode, we examine Beyond Budgeting through two case studies: Miles and David Lloyd Clubs.Miles is a Norwegian IT consulting company founded in reaction to command-and-control micromanagement. It operates without budgets and with minimal KPIs, guided by an evergreen financial ambition of maintaining a profit margin above 10%  without cascaded targets or bonus links. Employees enjoy wide autonomy, with transparency as the primary control mechanism: purchases and training costs are posted on the intranet for shared learning.Miles places strong emphasis on recruitment and cultural fit, taking at least ten references and interviewing for beliefs, values, and attitudes. Employees assess technical skills and can veto candidates. The company invests heavily in social cohesion, including spouse-only events, and practices servant leadership, with the CEO retitling himself “Chief Servant Leader.” Bjarte notes that Miles was essentially “born beyond budgeting” and has sustained its principles through growth by consciously resisting bureaucracy, including internal leadership succession.The second case study, David Lloyd Clubs, a high-end UK gym chain with around 300 clubs, represents one of the fastest Beyond Budgeting implementations Bjarte has seen: launched in October 2019 and fully budget-free by January 2021. The model helped the company not only survive COVID-19 but emerge stronger.Key practices included increased club autonomy, strong internal benchmarking, transparency, and local involvement in KPI selection. Central target setting was reduced, with emphasis on relative performance rather than detailed annual targets tied to bonuses.Ownership by private equity firm TDR Capital supported the shift, focusing on leadership and management improvement rather than cost-cutting.Bjarte attributes the speed to strong owner backing, a capable controller leading the effort, and a supportive CEO, while noting that mindset change takes longer than process change. HR played a key role in shifting performance evaluation toward relative measures and maintaining shared club-level bonuses instead of individual incentives.Key topics and timestamps00:00 Welcome01:07 Miles Overview02:47 Transparency Over Budgets04:15 Recruiting and Culture06:05 Servant Leadership06:46 Born Beyond Budgeting10:37 Sustaining Beliefs at Scale12:23 David Lloyd Clubs13:09 Rapid Rollout13:56 Benchmarking and Rhythm17:41 Why It Worked20:53 Relative Performance24:45 Transparency and Learning26:47 HR and Rewards28:15 Results and ConclusionAbout Bjarte BogsnesBjarte Bogsnes is Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, showing how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability — creating companies that are both more responsive and more human.Follow Bjarte at:https://www.linkedin.com/in/bjarte-bogsnes-41557910/Music: https://www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales, where we continue our conversation with Bjarte Bogsnes to go over case studies from his latest book, This Is Beyond Budgeting. His new book distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.In this episode of 'Our Agile Tales,' we welcome back Bjarte Bogsnes, Chairman of Beyond Budgeting Round Table, to explore the principles and practices of Beyond Budgeting. Bogsnes shares his extensive experience and insights on how Beyond Budgeting can drive performance by empowering employees and promoting coherence across management processes. The conversation delves into Handelsbanken's unique approach to employee bonuses, performance reviews, promotions, and training, highlighting the bank's emphasis on long-term employee development and consistent management philosophies. This episode offers valuable lessons for companies looking to create more adaptive and human organizations.Key topics and approximate timestamps00:00 Introduction to Our Agile Tales01:20 Beyond Budgeting and Performance Reviews01:54 The Common Bonus Scheme03:29 Coherence in Management Processes05:46 Handling Non-Performance07:48 KPIs and Performance Enabling09:59 Sales Commissions and Career Paths16:49 Training and Onboarding at Handelsbanken20:58 Final Thoughts on Handelsbanken25:02 Episode Conclusion About Bjarte BogsnesBjarte Bogsnes is the Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, where he distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.Bjarte's work demonstrates how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability. The result is creating companies that are not only more responsive but also more human.You can follow Bjarte Bogsnes at https://www.linkedin.com/in/bjarte-bogsnes-41557910/Our music is from https://www.purple-planet.com.Visit us at https://www.ouragiletales.com/about

Welcome back to Our Agile Tales, where we continue our conversation with Bjarte Bogsnes to go over case studies from his latest book, This Is Beyond Budgeting. His new book distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.In this episode, we discuss the ingrained corporate budgeting practices, their inefficacies, and how to shift towards more adaptive, event-driven planning. The conversation also delves into the performance management debate and examines Handelsbanken's exceptional model, a bank that has successfully operated without traditional budgets, targets, or individual bonuses since the 1970s. Bjarte emphasizes the importance of separating accounting from forward-looking planning and highlights the impact of empowering employees and fostering transparency in achieving organizational success.Key topics and approximate timestamps00:00 Introduction to Agile Tales01:08 Challenges with Traditional Budgeting02:04 Separating Accounting from Forward Planning03:49 The Importance of Dynamic Management05:47 Rethinking Performance Management09:42 Case Study: Handelsbanken13:50 The Origins of Handelsbanken's Approach17:59 The Evolution of Beyond Budgeting20:46 Handelsbanken's Unique Management Model29:30 Episode ConclusionAbout Bjarte BogsnesBjarte Bogsnes is the Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, where he distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.Bjarte's work demonstrates how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability. The result is creating companies that are not only more responsive but also more human.You can follow Bjarte Bogsnes at https://www.linkedin.com/in/bjarte-bogsnes-41557910/Our music is from https://www.purple-planet.com.Visit us at https://www.ouragiletales.com/about

Welcome to a new season of Our Agile Tales. We have brought back Bjarte Bogsnes, Chairman of Beyond Budgeting Round Table, and is a popular international business speaker and Beyond Budgeting coach. He is an award-winning author and long-time champion of more adaptive human organizations. In this series of episodes, Bjarte reflects on 25 years of management innovation and the evolution of Beyond Budgeting far beyond its financial origins.Our episode starts with a refresher on what Beyond Budgeting is, and why it is so often misunderstood as "just a finance thing." From there, we explore how deeply traditional management assumptions shape behavior, trust, and decision-making inside organizations. Bjarte uses metaphors, real-world examples, and decades of experience to explain why many well-intended Agile and Lean transformations stall or fail if they don't address and rethink the management processes. We dive into Theory X and Theory Y, the hidden damage caused by fixed targets and calendar-driven planning, and how separating targets, forecasts, and resource allocation can fundamentally change behavior. Throughout the episode, Bjarte makes the case that true business agility requires coherence and alignment between leadership principles and management systems. Without this alignment, successful long-term transformations will not be achieved.Key topics and approximate timestamps00:00 – Introduction to Our Agile Tales01:52 – Why Beyond Budgeting is not about finance—and why the name still matters04:30 – Challenging traditional management assumptions: trust and predictability07:10 – Leadership principles vs. management processes: where companies break coherence10:00 – Why Agile and Lean need Beyond Budgeting to scale at the enterprise level13:21 – Theory X and Theory Y: how beliefs about people shape management models16:40 – The problem with combining targets, forecasts, and resource allocation18:30 – Gaming, sandbagging, and unintended consequences of budgeting systems20:24 – What's wrong with traditional targets—and how relative targets change behavior23:10 – Moving from calendar-driven planning to business- and event-driven rhythms26:00 – Continuous decision-making as a Beyond Budgeting version of continuous delivery28:29 – Closing reflections and broader implications for adaptive organizationsAbout Bjarte BogsnesBjarte Bogsnes is the Chairman of the Beyond Budgeting Round Table, a former global finance executive, and a leading thinker in management innovation. He is the author of Implementing Beyond Budgeting and This Is Beyond Budgeting, where he distills nearly three decades of real-world experience challenging traditional budgeting, targets, and control-based management.Bjarte's work demonstrates how organizations can replace rigid, calendar-driven systems with models built on trust, transparency, and adaptability. The result is creating companies that are not only more responsive but also more human.You can follow Bjarte Bogsnes at https://www.linkedin.com/in/bjarte-bogsnes-41557910/Our music is from https://www.purple-planet.com.Visit us at https://www.ouragiletales.com/about

In this last episode of our conversation with Nevine White, she discusses her journey in transforming traditional yearly budgeting to adaptive agile financial planning frameworks in major telecom firms. Nevine shares insights into overcoming leadership resistance, empowering teams to challenge the status quo, and the importance of continuous planning and operational agility. She explains how these changes fostered organizational nimbleness, better decision-making, and a culture of innovation. The conversation explores the role of finance in driving change, overcoming bureaucracy, and enhancing organizational agility, offering practical advice on managing fear, facilitating change, and improving communication and engagement within teams.00:00 Introduction to Agile Tales00:44 Transforming Financial Planning02:12 Challenges of Leadership Changes02:50 Empowering Organizational Change05:18 Finance Team's Reaction to Change08:28 Improving Communication and Processes10:04 Addressing Risk and Fear in Finance12:06 Overcoming Traditional Finance Barriers16:15 Leading Change from Within20:08 Advice for Finance and Non-Finance Teams26:09 Conclusion and Upcoming Episode TeaserNevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance—often seen as the last function to change—can become a catalyst for business agility, resilience, and innovation. She is a Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine went on to lead the FP&A function at TW Telecom for 2 decades. There, she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the company's sale, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP of Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security-as-a-service firm. Recognized for her experience in finance, agility, and team building, she has been featured at conferences and on podcasts. She enjoys sharing her learnings and experiences with anyone seeking to change and enable their teams meaningfully. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

We are continuing our conversation with Nevine White, Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.In this episode, Nevine discusses the challenges and success of empowering teams, the concept of embedded finance, and how transforming financial processes has fostered business agility, creativity, and resilience. Nevine details the importance of support structures, clear empowerment guidelines, and the impact of shifting from conventional budget models. Her transformative initiatives led to significant improvements in operational efficiency and organizational morale.00:00 Introduction to Agile Tales02:12 Empowerment in the Workplace03:44 Anecdote: The Importance of Clear Empowerment06:44 Introducing Embedded Finance10:17 Measuring Success and Overcoming Challenges12:59 Transforming Finance Teams18:10 The Impact of Abandoning Traditional Budgets22:40 Continuous Planning and Forecasting28:58 Conclusion Nevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance - often seen as the last function to change - can become a catalyst for business agility, resilience, and innovation.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine moved on to leading the FP&A function for TW Telecom for two decades. There she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the sale of the company, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security as a service firm. Recognized for her experience in finance agility and building effective teams, she has been featured at conferences and on podcasts, and enjoys sharing her learnings and experiences with all who are seeking to meaningfully change and enable their teams. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

We are continuing our conversation with Nevine White, Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.In this episode, Nevine discusses the complexities of rewarding performance, advocating for rewards disconnecting from financial targets to prevent bad behavior. She emphasizes the power of recognition and simple rewards over monetary incentives. She also highlights her strategies for career growth and new process implementation, stressing the importance of defining success criteria upfront and evaluating outcomes transparently. Listen in to learn how rethinking budget processes can foster creativity, collaboration, and enduring business agility.00:00 Introduction 00:44 Transforming Financial Planning02:14 Rewards and Recognition Schemes06:21 Creative Incentives and Employee Motivation11:57 HR Policies and Career Growth17:15 Innovative Processes and Experimentation20:18 Measuring Success and Continuous Improvement26:27 Product Reviews and Organizational Conversations28:17 ConclusionNevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance - often seen as the last function to change - can become a catalyst for business agility, resilience, and innovation.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine moved on to leading the FP&A function for TW Telecom for two decades. There she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the sale of the company, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security as a service firm. Recognized for her experience in finance agility and building effective teams, she has been featured at conferences and on podcasts, and enjoys sharing her learnings and experiences with all who are seeking to meaningfully change and enable their teams. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

We are continuing our conversation with Nevine White, Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.In this episode, Nevine discusses the shift from traditional budgeting to agile financial planning, highlighting the benefits of continuous planning, operational agility, and real-time decision-making. She details the challenges and successes of implementing these changes, including the breakdown of old processes and the empowerment of frontline leaders. Nevine also shares insights into handling project funding, resource allocation, and fostering collaborative decision-making. Her approach showcases how rethinking budget processes can enhance creativity, collaboration, and agility in organizations.00:00 Introduction to Agile Tales02:05 Transforming Financial Planning03:18 Empowering Decision-Making04:39 Navigating System Infrastructure06:46 Changing Corporate Conversations09:46 Handling Change Fatigue13:11 Efficient Forecasting and Planning17:29 Dynamic Decision-Making27:39 Capital Investment Strategies28:20 ConclusionNevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance - often seen as the last function to change - can become a catalyst for business agility, resilience, and innovation.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine moved on to leading the FP&A function for TW Telecom for two decades. There she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the sale of the company, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security as a service firm. Recognized for her experience in finance agility and building effective teams, she has been featured at conferences and on podcasts, and enjoys sharing her learnings and experiences with all who are seeking to meaningfully change and enable their teams. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

We are continuing our conversation with Nevine White, Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.In this episode, Nevine explains how she executed the shift to rolling forecasting. She details the initial varied reactions, the creation of a robust training program, and the integration of finance teams into regional operations for real-time decision-making. Nevine also elaborates on gamification strategies, overcoming executive resistance, and the importance of continuous learning and communication. Highlighting her experience of guiding executive leadership through this transition, she emphasizes the role of proactive coaching and effective upward management.00:00 Introduction to Agile Tales01:57 Transitioning from Traditional Budgeting to Agile Financial Planning02:24 Implementing Rolling Forecasting: The First Steps03:14 Training and Engaging the Organization06:27 Challenges and Emotional Impact08:14 Burning Platform Conversations11:19 Embedding Finance in the Regions14:38 Building a Collaborative Learning Environment19:00 Executive Leadership Buy-In and Coaching26:13 Conclusion and Final ThoughtsNevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance - often seen as the last function to change - can become a catalyst for business agility, resilience, and innovation.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine moved on to leading the FP&A function for TW Telecom for two decades. There she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the sale of the company, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security as a service firm. Recognized for her experience in finance agility and building effective teams, she has been featured at conferences and on podcasts, and enjoys sharing her learnings and experiences with all who are seeking to meaningfully change and enable their teams. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

We're kicking off Season 11 of Our Agile Tales with an eye-opening conversation with Nevine White, Senior VP of Finance at Greater Technology Together and a member of the Beyond Budgeting Round Table. Nevine has spent nearly two decades guiding organizations through the shift from rigid annual budgets to adaptive, rolling financial frameworks that enable true business agility.In this episode, Nevine shares how her journey began in the telecom industry when a bold CFO literally tossed out the company's annual budget, sparking a search for a better way. That search led to adopting rolling forecasts and experimenting quarter by quarter - breaking and remaking processes along the way - to create a more nimble, data-driven, and responsive organization.In this first episode you will hear Nevine's candid stories about the messiness of transformation:What it felt like to see six months of budget work thrown in the trash.Why annual budgets—rooted in 1920s manufacturing—no longer fit today's fast-paced business environment.How rolling forecasts differ from “mini-budgets” and why many companies get them wrong.The cultural and change management challenges that arise when finance stops dictating numbers and starts empowering managers to decide in real time.How aligning finance with agile IT practices unlocked a “spiral of goodness” across the organization.Nevine's insights highlight that there's no one-size-fits-all playbook for financial agility. Instead, transformation requires experimentation, iteration, and courage to question the sacred cows of yearly budgets. Her experiences demonstrate how finance - often seen as the last function to change - can become a catalyst for business agility, resilience, and innovation.About Nevine White:Beginning her 35-year career in telecom engineering, Nevine moved on to leading the FP&A function for TW Telecom for two decades. There she championed powerful changes in financial planning that enabled an agile and effective management structure by eliminating traditional budgets. After the sale of the company, Nevine continued this work with Live Future Ready, leveraging her experience to support organizations in their financial transformation efforts across various industries. In 2019, Nevine joined Hargray Communications Group as the VP Accounting, before taking on building the Finance and Administrative functions for a broadband start-up. She is currently the Senior Vice President of Finance at Greater Technology Together, a leading network and security as a service firm. Recognized for her experience in finance agility and building effective teams, she has been featured at conferences and on podcasts, and enjoys sharing her learnings and experiences with all who are seeking to meaningfully change and enable their teams. You can follow Nevine on LinkedIn at https://www.linkedin.com/in/nevinewhite/Podcast music courtesy of www.purple-planet.comVisit us at https://www.ouragiletales.com/about

Beyond Budgeting Round Table offers companies exploring how to transform their company governance a place where they can find engaging workplaces, individual autonomy and peer-to-peer support. Franz Röösli explains the background of the Beyond Budgeting Round Table, a practitioner and science community that has developed the Beyond Budgeting approach in the last twenty years as a pioneering agile mindset and a framework for action. With host Dawna Jones they also talk about the need for mature leaders who are conscious enough (age is irrelevant), to inspire their organizations for a transformative journey into a future to stay viable and relevant. In that part they also include the finance sector a bit more specifically.Prof. Franz Röösli, Ph.D. is head of the Center for Enterprise Development at the ZHAW School of Management and Law. He researches, teaches and advises companies in the fields of organizational design, leadership and strategy.At the same time, he is a member of the core team of the Beyond Budgeting Round Table (www.bbrt.org), an international practitioner and research community that deals with questions of future-oriented leadership and organization and has developed the Beyond Budgeting leadership and organizational approach.Before joining university, Franz Röösli worked for many years in management positions in SMEs and large companies. See https://www.zhaw.ch/storage/sml/institute-zentren/zue/upload/Beyond_Budgeting_as_a_mindset_and_a_framework_for_action.pdf for more information.Host Dawna Jones specializes in releasing imperceptible blocks to company transformation while advancing leaders decision making skills and mindset to lead transformation successfully.Intro music is graciously provided by Mark Romero Music. See acast.com/privacy for privacy and opt-out information.

“Everybody knows going into the budget process that people make up the numbers because they know they’re going to get cut, they’re going to get manipulated, they’re negotiating for their bonuses, so it’s already a bad document to begin with,” says Nevine White. White and Mike De Luca from Beyond Budgeting Round Table of North America sat down with us for a deep dive into Beyond Budgeting, including a definition of what it is and some history. They also walk us through two real-world examples of implementing it. De Luca says Beyond Budgeting requires a different philosophy around leadership: it needs to be very decentralized and is intended to drive decision making to the lowest appropriate level. He points out that the process of implementing Beyond Budgeting doesn’t really end since learning organizations must continue to refine and adapt. However, a lot of the heavy lifting can take anywhere from 6-18 months. Listen to find out what that entails, how to get started, how to measure and successfully transform financial planning in your organization. Leslie Morse hosts in NYC at Business Agility 2018. This episode of Agile Amped is part of a series in partnership with the Business Agility Institute. businessagility.institute/ Podcast library: www.agileamped.com Connect with us on social media: Twitter: twitter.com/AgileAmpedFacebook: www.facebook.com/agileamped Instagram: www.instagram.com/agileamped/  

Robin Anne Fitzgerald is from Newfoundland, Canada and she has been working in Norway for years for Eidsiva Energi AS, one of 270 companies serving Norway’s energy needs. Inspired by the Beyond Budgeting Round Table discussions she led her company to get rid of the budgeting process. The way she handled the process offers lessons for anyone responsible for implementing what appears to be a radical decision. Debunking the myth that change is hard, long and difficult we talk about why the way she designed the process worked to give more confidence and greater value to the Board.We talk about:The four reasons why budgeting was working against company profitability.What they use instead of budgets to monitor performance.What shift in focus results from removing budgetingHow she pitched the idea to the board then implemented the decision without creating resistanceTips for companies thinking about doing things differently but having trouble getting started.Dawna Jones, host of the Insight to Action podcast, is business change innovator specializing in the deep dynamics of transformation at a human and organizational level. Deep skills for leading and decision making in complexity equip business leaders with the awareness to stay effective and balanced while handling uncertainty. She blogs monthly for the Huff Post Great Workplace Cultures; wrote Decision Making for Dummies and contributed a chapter on the new purpose of business to Ervin Laszlo’s The Intelligence of the Cosmos. You can find Dawna on Twitter EPDawna_Jones and on LinkedIn.Intro music is provided by MarkRomeroMusic.com. Mark’s music is scientifically proven to restore coherence to the human body. (You feel better!) See acast.com/privacy for privacy and opt-out information.

Steve Player, CPA, CGMA, the programme director for the Beyond Budgeting Round Table in North America, offers tips on how companies and finance professionals can spend less time looking to the past and more time planning for the future using rolling forecasts.

Looking for a crystal ball to help you predict what 2014 may bring for your business, your industry, your marketplace? We've got the next best thing – dozens of expert insights into the technologies, strategies, and trends that can help you grow and compete better this year and beyond. These thought leaders will appear on SAP Game-Changers Radio 2014 Predictions – Part 3 LIVE: Todd Wilms, SAP; Michael Denis, Flatirons Solutions; Neal Schact, CommuniTech; Nicolette Van Exel, SAP; Kathy-Ann Hutson, IBM; Padman Ramankutty, Intrigo; Steve Hilton, MachNation; Bill Newman, Newport Consulting; China Gorman, Great Place to Work; Steve Player, Beyond Budgeting Round Table; Jorge Garcia, TEC; Dennis Goodhart, IP Network Consulting; Marcus Baur, Sailing Team Germany; Eric Siegel, Predictive Analytics World; Tim Minahan, SAP. To hear the first two parts of our 2014 Predictions special, visist: http://bit.ly/Predictions2014A and http://bit.ly/Predictions2014B. Wishing you a positively game-changing New Year!

Looking for a crystal ball to help you predict what 2014 may bring for your business, your industry, your marketplace? We've got the next best thing – dozens of expert insights into the technologies, strategies, and trends that can help you grow and compete better this year and beyond. These thought leaders will appear on SAP Game-Changers Radio 2014 Predictions – Part 3 LIVE: Todd Wilms, SAP; Michael Denis, Flatirons Solutions; Neal Schact, CommuniTech; Nicolette Van Exel, SAP; Kathy-Ann Hutson, IBM; Padman Ramankutty, Intrigo; Steve Hilton, MachNation; Bill Newman, Newport Consulting; China Gorman, Great Place to Work; Steve Player, Beyond Budgeting Round Table; Jorge Garcia, TEC; Dennis Goodhart, IP Network Consulting; Marcus Baur, Sailing Team Germany; Eric Siegel, Predictive Analytics World; Tim Minahan, SAP. To hear the first two parts of our 2014 Predictions special, visist: http://bit.ly/Predictions2014A and http://bit.ly/Predictions2014B. Wishing you a positively game-changing New Year!