Peter Bunce is a co-founder of the Beyond Budgeting Round Table (BBRT), a not-for-profit collaborative dedicated to helping organizations improve their management models. He is a Chartered Engineer and has held various posts in manufacturing engineering and collaborative research. He lives in Hampshire, England and can be contacted at [...].

Franz Röösli is a professor and management trainer at the University of Applied Sciences North Western Switzerland (FHNW) and Director of the Beyond Budgeting Round Table (BBRT), an international shared learning network for management development. He has experienced many years in management positions in different industries. He lives in Switzerland and can be contacted at franz.[...].

Foreword v

Preface vii

Some definitions ix

Introduction

The organization as an adaptive system 1

1 Principle #1 - Values 33
Bind people to a common cause, not a central plan

2 Principle #2 - Governance 57
Govern through shared values and sound judgment, not detailed rules and regulations

3 Principle #3 - Transparency 89
Make information open and transparent; don't restrict and control it

4 Principle #4 - Teams 105
Organize around a seamless network of accountable teams, not centralized functions

5 Principle #5 - Trust 121
Trust teams to regulate and improve their performance; don't micro-manage them

6 Principle #6 - Accountability 139
Base accountability on holistic criteria and peer reviews, not on hierarchical relationships

7 Principle #7 - Goals 157
Set ambitious medium-term goals, not short-term fixed targets

8 Principle #8 - Rewards 179
Base rewards on relative performance, not fixed targets

9 Principle #9 - Planning 203
Make planning a continuous and inclusive process, not a top-down annual event

10 Principle #10 - Coordination 225
Coordinate interactions dynamically, not through annual budgets

11 Principle #11 - Resources 239
Make resources available just-in-time, not just-in-case

12 Principle #12 - Controls 257
Base controls on fast, frequent feedback, not on budget variances

13 Implementation insights 283

14 Make management change your legacy 305

Notes 309

Index 325