in my previous blog entry i described how we started our journey to transform our organisation in order to create a more adaptive, dynamic, lean and ethical organisation. the model we adopt is based on beyond budgeting principles.

i would like to share a little bit on what beyond budgeting is all about.

the official beyond budgeting roundtable (BBRT) website http://www.bbrt.org/ describes beyond budgeting as follows:

there are 12 principles associated with the beyond budgeting model. the table below lists and describes each principle:

Leadership principles
[table principle|description
Values|Govern through a few clear values, goals and boundaries, not detailed rules and budgets
Performance|Create a high performance culture based on relative success, not meeting fixed targets
Transparency|Promote open information for self management, don’t restrict it hierarchically
Organization|Organize as a network of lean, accountable teams, not around centralized functions

one of the projects i am working on is putting together a framework for corporate innovation.

one thing's for sure, this is no easy thing. but unfortunately - or fortunately - it is something of a must do. we as a nation are at a crossroad, and inflection point.

for the past several years, we prided ourselves as being a solid destination for foreign investment in manufacturing. our low cost structure, good infrastructure and investment friendly government policies helped to drive economic growth 1.0.

i would like to share with you my personal journey of the beginnings of the transforming an organisation from a traditional top-down command & control hierarchy based organisation into a desired empowered organisation where employees at the lowest team levels are empowered to serve the customers better, create more value and drive better organisational performance.

i am working with a large local organisation with a long history.