Enabling Business Agility through Finance and HR

Traditional management was invented for very different times and is today in serious trouble
Bjarte Bogsnes Senior Advisor at Equinor
Pia-Maria Thorén From Agile People

Business Agility Through Finance and HR

The level of VUCA; volatility, uncertainty, complexity and ambiguity in our business environments is at a record high. People also expect more from work than just a paycheck. How can we enable performance in these new business and people realities? How can we create more VUCA-robust management models, which also works with and not against human nature? How can we create a more engaging work environment, where people perform at their best because they want to, not because they are told to, and where learning faster than others is key? This workshop will show you new ways of working, where people and interactions are more valued than processes and tools, and where responding to change is more important than following a plan. Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology– and product innovation.

Overview

In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

Why is this workshop important?

The level of volatility, uncertainty, complexity, and ambiguity in business environments is at a record high. Traditional management was invented for very different times and is today in serious trouble. Also, today, people expect more from work than just a paycheck.

How can we create an environment where people get the conditions to be happy and perform and at the same time contribute to strategic goals? In a world where the only competitive advantage that remains is to learn faster than everybody else and cause and effect no longer makes sense, we will show you new ways of working where people and interactions are more valued than processes and tools.

The close relationship between Beyond Budgeting – and Agile

In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

What will You Learn?

In this workshop, you will get unique insights into Business Agility in practice, both from a Financial, Management and Human perspective. You will benefit from Bjarte Bogsnes’s and Pia-Maria Thorén’s extensive experience from organizational structures and cultures that enable success in a complex world.

Companies all over the world who have embarked on this journey, including Equinor (formerly Statoil) – where the budget (and much more) was kicked out 2005.

Attendees will understand how to trust and empower without losing control, and learn how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation. The workshop will also cover dynamic forecasting and resource allocation, as well as other examples of self-regulating management mechanisms, including transparency and peer pressure. Bjarte will also share insights into KPI pitfalls and the bonus problem and Pia-Maria will talk about the importance of psychological safety to release creativity, learning ability and performance.

Many practical examples will be shared and attendees will have the opportunity to try out different exercises in groups.

Agenda

  • The problems with traditional management, including budgeting and the linked to fixed performance targets
  • Human view X and Y and the importance of trust to release creativity, learning and performance
  • New ways of working with performance management: Team goals, OKRs, Salary Formulas and peer based performance evaluations
  • Beyond Budgeting – the adaptive management model
  • The background
  • The philosophy
  • The 12 principles

Who should join?

  • Managers
  • Finance
  • HR

Companies on the journey; examples of how they operate

  • The Equinor story – the “Ambition to Action” model; Redefining performance – dynamic and relative targets and a holistic performance evaluation
Examples of self-regulating management mechanisms using transparency and peer-pressure instead of micro-management and control

The KPI pitfalls and the OKR advantages

  • The fixed target linked to bonus problem
  • What to do instead to increase performance for the whole organization

When and where

This training will be held in Stockholm at Dandy People´s HQ, Kungsgatan 8, 2nd Floor.

08.30 – 09.00 Breakfast
12.00 – 13.00 Lunch
09.00 – 17.00 Training

Price
9.900 SEK. Early Bird, 7.500 SEK

Included in the price
Breakfast, lunch, coffee, fruit and snacks.

Beyond Budgeting and Agile People

The Beyond Budgeting Roundtable and Agile People – for inspiration and networking
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