BBRT - Beyond Budgeting Roundtable BBRT - Beyond Budgeting Roundtable
What is the BBRT?
The BBRT is an international shared learning network of member organizations with a common interest in transforming their performance management models to enable sustained, superior performance. BBRT helps organizations learn from world-wide best practice studies and encourages them to share information, past successes and implementation experiences to move beyond command and control.
The BBRT promotes a set of principles that lead to more dynamic processes and front-line accountability. Organizations that follow this approach transform their management model in line with these principles, which are outlined in Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap, published by Harvard Business School Press.
The BBRT is at the heart of a new movement that is searching for ways to build lean, adaptive and ethical enterprises that can sustain superior competitive performance. Its aim is to spread the idea through a vibrant community.
Next BBRT Meeting
The next BBRT meeting will be held on 12 October in London, England. For more information click HERE or see Events
What went wrong with Toyota? - According to Prof. Tom Johnson
In a recent article on the Lean Edge web site (http://theleanedge.org) Prof. Tom Johnson, co-author of “Profit Beyond Measure”, wrote a brilliant article about what may have gone wrong at Toyota. In his article “Financial results such as revenue, cost and profit are by-products of well-run human focused-processes”, he postulates that in his opinion the cause of Toyota’s crisis is found in its very recent surrender to Wall Street pressure to grow continuously, as virtually all large publicly-traded American businesses have attempted to do for the past 30 years or more. This includes those that pursue “lean” practices.
He maintains that the flaw in this finance-oriented growth strategy is the belief that profitability improves by taking steps aimed at increasing revenue and cutting costs. Prof. Johnson queries the approach taken by most Western companies to “lean” and the way that they have implemented it. Fundamental to this is differences between Western and Toyota management practices, particularly in the way each group thinks about “cost”. He concludes the article by saying “This is why for years and years I have said that management accounting (and its lean counterpart “lean accounting” is a meaningless concept – an oxymoron in fact. You can use accounting quantities to describe, but never to explain, understand or control.”
To read the full article (it's excellent) go to: http://theleanedge.org/?p=462
BBRT Briefing Papers and White Papers
A range of BBRT briefing papers and White Papers are now publicly available at www.beyondbudgeting.org. The White Papers and some of the Briefing Papers are free downloads and the remainder can be downloaded on payment of a small fee.
New BBRT Members
New Book
- Future Ready: How to master Business Forecasting. by Steve Morlidge and Steve Player
