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EP33 – Eliminating Budgeting from Company Habits with Robin Anne Fitzgerald
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Robin Anne Fitzgerald is from Newfoundland, Canada and she has been working in Norway for years for Eidsiva Energi AS, one of 270 companies serving Norway’s energy needs. Inspired by the Beyond Budgeting Round Table discussions she led her company to get rid of the budgeting process. The way she handled the process offers lessons for anyone responsible for implementing what appears to be a radical decision. Debunking the myth that change is hard, long and difficult we talk about why the way she designed the process worked to give more confidence and greater value to the Board.
We talk about:
- The four reasons why budgeting was working against company profitability.
- What they use instead of budgets to monitor performance.
- What shift in focus results from removing budgeting
- How she pitched the idea to the board then implemented the decision without creating resistance
- Tips for companies thinking about doing things differently but having trouble getting started.
Dawna Jones, host of the Insight to Action podcast, is business change innovator specializing in the deep dynamics of transformation at a human and organizational level. Deep skills for leading and decision making in complexity equip business leaders with the awareness to stay effective and balanced while handling uncertainty. She blogs monthly for the Huff Post Great Workplace Cultures; wrote Decision Making for Dummies and contributed a chapter on the new purpose of business to Ervin Laszlo’s The Intelligence of the Cosmos. You can find Dawna on Twitter EPDawna_Jones and on LinkedIn.
Intro music is provided by MarkRomeroMusic.com. Mark’s music is scientifically proven to restore coherence to the human body. (You feel better!)
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