The Core Team’s purpose in publishing this paper is to explain the background for the current update of the 12 Beyond Budgeting principles and provide an overview of how the principles have developed over time. The principles are there to inspire and guide organisations as they strive to implement Beyond Budgeting; they do not constitute a management recipe.
It has been five years since the 12 Principles have been updated. The previous version is expressed in ‘The Leader’s Dilemma’, which continues to do an excellent job of providing greater detail on showing how organisations have put these principles into action. In working with both our own organisations, with Beyond Budgeting members, and with other companies trying to understand and apply these principles, we believe we have found
better ways to articulate them.
When we find a significant number of these changes, we follow the example set by the BBRT founders. In this regard, they often updated the principles to better express their understanding.
This white paper is the first time we bring many of the previous versions of the principles together and provide commentary on what changed and why. Our hope, as a Core Team, is that this transparency helps you and your organisation to more fully understand the principles and apply them more effectively.
Download the paper here