Our Agile Tales

Beyond Budgeting Episode 1

June 21, 2022 Mun-Wai Chung & JF Unson Season 3 Episode 4
Our Agile Tales
Beyond Budgeting Episode 1
Show Notes

“Business agility is about finding the constraints in the system” - Evan Leybourn, Business Agility Institute founder.

Where do most teams and departments in an organization encounter constraints? They encounter it in management, the budgeting process driven by finance and the performance management process driven by HR. When management and finance are about control, teams are constrained and the organization cannot be adaptive. E.g. no (or not enough) budget to hire the people when they need it, get the equipment and supplies in time, have the flexibility to try things out, etc. 

In this podcast series, we explore with Bjarte Bogsnes how going beyond the budgeting constraints helps an organization achieve business agility. Though this journey isn’t for the faint of heart, companies like Tesla and Equinor (formerly StatOil) are doing this today - and are being very successful at it.