Beyond Budgeting

The problems with traditional management, including budgeting

1. The Beyond Budgeting principles and companies on the journey

2. Statoil's "Ambition to Action" model:

- redefining performance

- dynamic and relative with a holistic performance evaluation

- dynamic forecasting and resource allocation and no traditional budgets

- from calendar-driven to event-driven; a more self-regulating management model

3. Implementation experiences and advice.

Video source: youtube.com, Space Video