The Beyond Budgeting principles include the most important leadership and process principles to be addressed in order to achieve the full benefits of the Beyond Budgeting management philosophy.
Watch members of the Beyond Budgeting Core Team explain the 12 principles here.
Beyond Budgeting represents a management philosophy, not a management recipe. Accordingly, the principles do not represent a checklist.
The principles are based on our observations of what works (and what doesn’t work) in practice. Together with significant research, and debate, since our network started in 1998, this makes a solid foundation for these principles.
Alignment between leadership principles and management processes is a key element of Beyond Budgeting; without such cohesion, organisations risk having serious disconnects between what is said and what is done, which is poison to any organisation. This explains the dual focus of the 12 principles.
The purpose of the principles is to inspire and guide organisations as they strive to implement Beyond Budgeting; we refer to this as being on a Beyond Budgeting journey.
Below is the latest updated version of the 12 principles (from March 2016).
We hope that the 12 Beyond Budgeting Principles will help your organisation on its journey.