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Budgeting is time-consuming, can lead to quickly-outdated assumptions, and can stimulate unethical behaviours like resource hoarding. Beyond Budgeting is a management philosophy that challenges traditional management practices, specifically the budgeting process.
In this episode, Henry speaks with Bjarte Bogsnes about the problems with budgeting, and how some companies have broken free of the budgeting mindset. Bjarte is a senior advisor at the Norwegian company Statoil, now Equinor, and has been a key figure in developing and promoting the Beyond Budgeting philosophy.
Bjarte’s tip for a happier workplaceFollow the 12 Beyond Budgeting principles around governance and transparency, accountable teams, goals and rewards, and planning and controls.
LinksCreating a happy and productive workplace starts with a focus on culture. A coaching culture can help build trust and encourage open communication.
Sarah Pugh is the CEO of Whizz-Kidz, the UK's leading charity for young wheelchair users. She shares her insights on leading a hospice to an Outstanding rating in just one year. She did this by making culture a fundamental part of the change process. She reveals how this experience has informed her work at Whizz-Kidz and the steps she’s taken there to put culture at the heart of everything.
Sarah’s tips for a happy workplaceImplementing a self-managing organisation requires a shift in mindset and a commitment to creating a positive work environment. This involves giving employees trust, freedom and responsibility, as well as promoting health and wellbeing. In this episode, Henry and Maureen speak to Luke Kyte, a senior leader whose company made this transition.
Reddico is a self-managing SEO agency that implemented unlimited holiday, formed a salary panel, and measured success through metrics like the Net Promoter Score. All in place of things like pingpong tables and nights out that look great on social media, but don’t improve employee happiness or promote wellbeing.
Luke's three tips for creating a happy workplaceWhen Jason Mitchell escaped the office to reconnect with his tasks, he noticed something: he was losing sight of the relationships behind the tasks.
“Action has meaning only in relationship; without understanding relationship, action on any level will only breed conflict. The understanding of relationship is infinitely more important than the search for any plan of action.” – Jiddu KrishnamurtiThis discovery led Jason to build regular check-ins with members of his team, that weren’t simply task-orientated, but were people-orientated.
Jason is VP of Customer Experience at Typefi, and joins Henry to discuss what he experienced and learned through Happy’s Level 7 Senior Leadership Apprenticeship Programme, otherwise known as the “Happy MBA”.
Jason’s three tips for a happy workplaceThe guiding principle at UK software firm Mayden is to manage the work, not the people. The company has put in place a clear decision-making process and a scaffolding structure that replaces most line management positions.
Everyone within Mayden has access to an individual coach who is trained and experienced in coaching, and the company has retained a tier of directors who deal with residual line management responsibilities. Mayden's approach encourages individuals to manage themselves and take responsibility for decisions.
The process of forming and growing a managerless team is outlined in a new book written by Mayden. And Alison Sturgess-Durden, one of Mayden’s Directors joins Henry and Maureen to dig into the details.
Alison’s tips for a happy workplace:A Multiplier is a leader who amplifies the intelligence and capability of their team, making work feel challenging yet exhilarating. Diminishers, on the other hand, unintentionally hold people back and create an environment where people defer to them. Both types of leaders have vastly different impacts on their teams.
Liz Wiseman, the author of Multipliers: How the Best Leaders Make Everyone Smarter, joins Henry and Maureen to discuss how to recognise the genius in others and create an environment that elicits the best thinking, provides challenges, encourages debate, and fosters ownership and accountability.
Liz’s tips for a happy workplaceWholeness, self-management and evolutionary purpose are three core principles that changed Helen Sanderson’s view on teams.
Helen Sanderson’s MBE is the founder of Wellbeing Teams, an organisation providing care and support at home. As a self-governing team, they are able to create greater trust and autonomy for employees. But this wasn’t a framework that can just be dropped in:
I thought it was like adding a new app on your phone, but it wasn't; it was transforming the operating system.Helen’s three tips for happy workplacesHenry and Maureen are in conversation with Chris McQueen from the Stroke Association. With Happy’s help, Chris and his team developed a set of five principles that drive the decisions the organisation makes, and how they want to work.
The Association is a traditionally hierarchical organisation, but through Happy’s Level 7 Senior Leadership Programme, an MBA-level qualification, they’ve created more interdependence within team-members, with less need for knowledge and instructions to be passed down through the hierarchy.
Chris’ three tips for a happier workplaceWhat if people could spend 80% of their time at work doing things that gave them joy? That was the question Happy’s Managing Director Cathy Busani asked herself that still informs her work, now 27 years later.
What Cathy found is that when people spend time doing the things they’re good at, their work feels more effortless, and thus more joyful. In this chat with Henry, Cathy lays out her strengths, and how Happy’s approach has evolved over time.
Cathy’s three tips for creating happier workplacesA leader needs to be prepared to be available. That means not overbooking themselves with meetings, burning out, and being unable to think creatively. To author and columnist Tom Peters, empathy is the most important skill a leader can have.
In May 1986, Tom wrote about having only five levels of management, even in big multinationals. In ‘88, he wrote Stuff the Bureaucrats, Embrace the Customer, Listen to the Workers, and since the ‘90s has been speaking on the importance of having women in leadership positions.
Tom’s COVID-19 Leadership SevenFrom the publisher's feed