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Collaboration, Cultivation, and Competence in the context of Beyond Budgeting
Collaboration, Cultivation, and Competence in Beyond Budgeting
In the context of Beyond Budgeting, Collaboration refers to the emphasis on working together as a team towards common goals rather than individuals working in silos. This encourages open communication, sharing of ideas, and leveraging collective intelligence to drive innovation and problem-solving.
Cultivation in Beyond Budgeting involves fostering a culture of trust, empowerment, and continuous improvement within an organization. This includes empowering employees to make decisions, promoting autonomy, and supporting learning and development opportunities to enable personal and professional growth.
Competence in Beyond Budgeting focuses on building and maintaining the necessary skills and knowledge within the organization to adapt to change and deliver value effectively. This includes investing in training, recruiting the right talent, and promoting a mindset of experimentation and learning from failures.
Resources:
- Beyond Budgeting Institute
- The Adaptive Organization: Creating Inspired Business people Who Deliver Outstanding Results by Beyond Budgeting Round Table
- Implementing Beyond Budgeting: Unlocking the Performance Potential by Bjarte Bogsnes
Google Links
- Google Search for "Collaboration, Cultivation, and Competence"
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