If your company doesn’t have a Fast Close, then you don't have a company. You have a big f@*king mess.
Fast Close means that the month’s numbers (incl. all reporting internal & external) are closed on the 2nd day of the following month the latest.

Pity that’s not standard practice yet, right?
#accounting #finance #financialmanagement #cfo #cfos #reporting #controlling #beyondbudgeting #relativetargets

Here's a brand new article of mine, on the #RelativeTargets approach and contemporary performance systems in practice.
https://www.redforty2.com/post/relative-targets-new-research-reveals-how-to-bring-out-coherent-simple-alternatives-to-fixed-targ

If your interests lie in the fields of corporate financial management, #controlling, and Beyond Budgeting, then the latest research paper from the BetaCodex Network on #RelativeTargets should be especially interesting for you! Our 22nd white paper outlines how to overcome fixed #targets and incentives, and eliminate the need for #annual planning, budgeting, cost management and obnoxious resource allocation, for good. It's the promise of #BeyondBudgeting, fulfilled.

https://betacodex.org/white-papers/paper/relative-targets-patterns-in-practice

Don't miss out on tomorrow's BetaCodex LIVE session, in which @soundslikeryan and I will talk about the latest #BetaCodex research on org #transformation and the #RelativeTargets approach. Learn how to get rid of #FixedTargets, #Budgeting, #planning, #costmanagement and bonus systems, for good. It's the promise of #BeyondBudgeting - fulfilled!

The online session: https://www.youtube.com/watch?v=XWkMCWKxchY

The research paper: https://betacodex.org/white-papers/paper/relative-targets-patterns-in-practice

The #BetaCodex Network just published a brand new research paper about the #RelativeTargets approach. "Relative Targets: Patterns in Practice” is now available for free download, free of registration, from the BetaCodex website. http://www.betacodex.org/white-papers

On performance systems that work. Without shitty target negotiations. Without top-down steering that claims to be "participative." Without nonsensical annual planning and obnoxious indicator-massaging. It's called #RelativeTargets.
http://www.relativetargets.com

Stop OKRing around!

Instead, opt for the #RelativeTargets approach to performance systems:
It's straightforward. It requires neither planning, nor forecasting, nor window-dressing, nor target negotiations (at all!). It will forever make the members of an organization be aware of their organization's reality. And that's quite a feat.
http://www.relativetargets.com

Yesterday's edition of BetaCodex LIVE is online! Rijon Erickson and I talked about the Relative Targets social technology (www.relativetargets.com), about what it entails and about why Relative Targets is about "no plans, all performance!"
Watch the session here: https://www.youtube.com/watch?v=ibFpJ6Flvso

Check out the four Red42 Quick Start courses coming up in January. Register now!
https://www.eventbrite.com/cc/red42-courses-and-free-events-85099
#betacodex #leadership #collaboration #openspacebeta #cellstructuredesign #leantransformation #relativetargets #lean #agile #agility #beyondbudgeting #red42 #newwork

Don't miss this: A Quick Start on #RelativeTargets performance systems that work. Forget the planning, the target-setting and negotiating!
https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator #betacodex

I think that headline says it all.
https://youtube.com/watch?v=kwJ6CYIi7aQ
#relativetargets #collaboration #okr #okrs #performance #leadership

Join @nielspflaeging for a Quick Start course on #RelativeTargets on 30 Nov! Learn how to create effective performance systems that work in any organization large or small - for self-organization, team accountability and high performance!
Info: https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator #betacodex #collaboration

Lovely lovely Red42 Quick Start courses coming up in November an January! Quick Starts available on:
#RelativeTargets
#CellStructureDesign and
#OpenSpaceBeta!
Info & registration: https://www.eventbrite.com/cc/red42-courses-and-free-events-85099 #betacodex #collaboration #lean #agile

Not to miss: "Relative Targets Quick Start" - a Red42 short course on performance systems that work, with @nielspflaeging. Sign up now!
https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator
#betacodex #relativetargets #nookrs #noplanning #collaboration #leadership

Join me on 30 Nov for the #RelativeTargets Quick Start: A short course on the future of #performance systems, in companies of all kinds. Bye-bye cumbersome planning! Farewell obnoxious bonus systems! Here comes team-based high performance!
https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator #agile #lean

Join @nielspflaeging on 30 Nov for a "Relative Targets Quick Start": A short course on the future of performance systems, in companies of all kinds.
Bye-bye cumbersome planning! Farewell obnoxious bonus systems! Here comes team-based high performance! https://eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827
#betacodex #relativetargets #performance #collaboration

Ditch budgeting
if you want to act with reason.
What more is to be said?
#betacodex #beyondbudgetkng #relativetargets

Join my new Quick Start course on 30 November and learn about the best available way to design & run performance systems in organizations of all kinds!
Get your ticket now: https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator
For more on Relative Targets: www.relativetargets.com
#betacodex #relativetargets #collaboration #okrs #okr #mbo

Join our Quick Start course in November, on the #RelativeTargets approach to performance systems.
Get your ticket now! https://www.eventbrite.com/e/relative-targets-quick-start-a-red42-course-tickets-708849797827?aff=oddtdtcreator
#performance #collaboration #okrs #noplanning #agile #lean #betacodex