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#relativetargets

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Niels Pflaeging<p>If your company doesn’t have a Fast Close, then you don't have a company. You have a big f@*king mess.<br>Fast Close means that the month’s numbers (incl. all reporting internal &amp; external) are closed on the 2nd day of the following month the latest. </p><p>Pity that’s not standard practice yet, right?<br><a href="https://mastodon.social/tags/accounting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>accounting</span></a> <a href="https://mastodon.social/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finance</span></a> <a href="https://mastodon.social/tags/financialmanagement" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>financialmanagement</span></a> <a href="https://mastodon.social/tags/cfo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cfo</span></a> <a href="https://mastodon.social/tags/cfos" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cfos</span></a> <a href="https://mastodon.social/tags/reporting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>reporting</span></a> <a href="https://mastodon.social/tags/controlling" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>controlling</span></a> <a href="https://mastodon.social/tags/beyondbudgeting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>beyondbudgeting</span></a> <a href="https://mastodon.social/tags/relativetargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>relativetargets</span></a></p>
Niels Pflaeging<p>If your interests lie in the fields of corporate financial management, <a href="https://mastodon.social/tags/controlling" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>controlling</span></a>, and Beyond Budgeting, then the latest research paper from the BetaCodex Network on <a href="https://mastodon.social/tags/RelativeTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RelativeTargets</span></a> should be especially interesting for you! Our 22nd white paper outlines how to overcome fixed <a href="https://mastodon.social/tags/targets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>targets</span></a> and incentives, and eliminate the need for <a href="https://mastodon.social/tags/annual" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>annual</span></a> planning, budgeting, cost management and obnoxious resource allocation, for good. It's the promise of <a href="https://mastodon.social/tags/BeyondBudgeting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BeyondBudgeting</span></a>, fulfilled.</p><p><a href="https://betacodex.org/white-papers/paper/relative-targets-patterns-in-practice" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">betacodex.org/white-papers/pap</span><span class="invisible">er/relative-targets-patterns-in-practice</span></a></p>
Niels Pflaeging<p>Don't miss out on tomorrow's BetaCodex LIVE session, in which <span class="h-card" translate="no"><a href="https://mastodon.social/@soundslikeryan" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>soundslikeryan</span></a></span> and I will talk about the latest <a href="https://mastodon.social/tags/BetaCodex" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BetaCodex</span></a> research on org <a href="https://mastodon.social/tags/transformation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>transformation</span></a> and the <a href="https://mastodon.social/tags/RelativeTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RelativeTargets</span></a> approach. Learn how to get rid of <a href="https://mastodon.social/tags/FixedTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FixedTargets</span></a>, <a href="https://mastodon.social/tags/Budgeting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Budgeting</span></a>, <a href="https://mastodon.social/tags/planning" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>planning</span></a>, <a href="https://mastodon.social/tags/costmanagement" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>costmanagement</span></a> and bonus systems, for good. It's the promise of <a href="https://mastodon.social/tags/BeyondBudgeting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BeyondBudgeting</span></a> - fulfilled!</p><p>🍒 The online session: <a href="https://www.youtube.com/watch?v=XWkMCWKxchY" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">youtube.com/watch?v=XWkMCWKxchY</span><span class="invisible"></span></a></p><p>🍒 The research paper: <a href="https://betacodex.org/white-papers/paper/relative-targets-patterns-in-practice" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">betacodex.org/white-papers/pap</span><span class="invisible">er/relative-targets-patterns-in-practice</span></a></p>
Niels Pflaeging<p>The <a href="https://mastodon.social/tags/BetaCodex" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BetaCodex</span></a> Network just published a brand new research paper about the <a href="https://mastodon.social/tags/RelativeTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RelativeTargets</span></a> approach. "Relative Targets: Patterns in Practice” is now available for free download, free of registration, from the BetaCodex website. <a href="http://www.betacodex.org/white-papers" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://www.</span><span class="">betacodex.org/white-papers</span><span class="invisible"></span></a></p>
Niels Pflaeging<p>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 <a href="https://mastodon.social/tags/RelativeTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RelativeTargets</span></a>.<br><a href="http://www.relativetargets.com" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://www.</span><span class="">relativetargets.com</span><span class="invisible"></span></a></p>
Niels Pflaeging<p>Stop OKRing around!</p><p>Instead, opt for the <a href="https://mastodon.social/tags/RelativeTargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RelativeTargets</span></a> approach to performance systems:<br>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.<br><a href="http://www.relativetargets.com" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://www.</span><span class="">relativetargets.com</span><span class="invisible"></span></a></p>
Niels Pflaeging<p>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!" <br>Watch the session here: <a href="https://www.youtube.com/watch?v=ibFpJ6Flvso" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=ibFpJ6Flvs</span><span class="invisible">o</span></a></p><p><a href="https://mastodon.social/tags/relativetargets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>relativetargets</span></a> <a href="https://mastodon.social/tags/betacodex" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>betacodex</span></a> <a href="https://mastodon.social/tags/performance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>performance</span></a> <a href="https://mastodon.social/tags/targets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>targets</span></a> <a href="https://mastodon.social/tags/collaboration" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>collaboration</span></a> <a href="https://mastodon.social/tags/okrs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>okrs</span></a> <a href="https://mastodon.social/tags/nookrs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>nookrs</span></a> <a href="https://mastodon.social/tags/beyondbudgeting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>beyondbudgeting</span></a> <a href="https://mastodon.social/tags/noplanning" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>noplanning</span></a></p>
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Niels Pflaeging

I am convinced that ALL org design is political - whether we like it or not. Command-and-control organization is political, the choice between #centralization or #decentralization is political, the choice between steering or coherent self-organization in absence of steering is political.

That is what the #BetaCodex is about: betacodex.org, what #CellStructureDesign and #RelativeTargets are about:
cellstructuredesign.com
relativetargets.com

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