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