Make management change your legacy

At a time of volatility, uncertainty, chaos and ambiguity businesses needs to adapt themselves in order to survive and prosper.

Twelve ‘adaptive’ principles are suggested based on the management and leadership of some of the most successful firms* in their respective markets. 

  1. Values – Bind people to a common cause, not a central plan

  2. Governance – Govern through shared values and judgment, not detailed rules and regulations

  3. Transparency – Make information open and transparent; don’t restrict and control it

  4. Teams – Organize around a seamless network of accountable teams, not centralized functions

  5. Trust – Trust teams to regulate and improve their performance; don’t micro-manage them

  6. Accountability – Base accountability on holistic criteria and peer reviews, not on hierarchical relationships

  7. Goals – Set ambitious medium-term goals, not short-term fixed targets

  8. Rewards – Base rewards on relative performance, not fixed targets

  9. Planning – Make planning a continuous and inclusive process, not a top-down annual event

  10. Coordination – Coordinate interactions dynamically, not through annual budgets

  11. Resources – Make resources available just-in-time, not just-in-case

  12. Controls – Base controls on fast, frequent feedback, not on budget variances.

* Case study firms include: HCL, Google, South West Airlines, Sydney Water, Unilever, Wal-Mart and Whole Foods 

Acknowledgements to Beyond Budgeting Round Table –

Trevor Lee, EP International

One comment on “Make management change your legacy

  1. Cecilia Jude says:

    If you don’t have anything good to say at least make it about something important…looks like you hit the nail on the head with this one!


Please leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s