During the two last days, BBRT Members gathered in Brussels for the bi-annual European BBRT Meetings. On Wednesday, we held the Implementers’ Meeting which this time focused on Business Forecasting. Yesterday’s BBRT Meeting featured very interesting presentations from New Zealand-based Mainfreight and the north European diary giant Arla. Bjarte Bogsnes presented his views on individual bonuses and last but not least: the members’ meeting included a review of a very interesting research from the Norwegian bank sector. The study shows a strong negative correlation between long-term financial results and the use of traditional budgets. Meeting presentations and the research study are available for download by BBRT Members from the private BBRT Members’ Community website.
On 19 March we held an open Beyond Budgeting conference in Brussels together with CFO Magazine. Anders Olesen from Beyond Budgeting Institute introduced the audience to Beyond Budgeting, our network and ideas. Hereafter, two longstanding BBRT-Members Statoil and A.P. Moller – Maersk presented how they have benefited from adopting the Beyond Budgeting principles in their management models. In connection with this conference, the February version of CFO Magazine featured an interview with Beyond Budgeting Institute which can be read here.
Doug Kirkpatrick, author of Beyond Empowerment: The Age of the Self-Managed Organization, spoke about Beyond Empowerment and his experiences at Morning Star at the BBRT Members meeting in Oslo in March 2013 and at the BBRT North America Conference in June 2013. TED has recently released a fantastic video on YouTube in which Doug gives a succinct and powerful explanation of Beyond Empowerment.