Statoil Transforms Its Business by Eliminating Budgets

One of the most exciting parts of my work is seeing innovative companies in action. My top five most innovative management teams would have to include energy company Statoil, and their finance organization is certainly one of the key drivers of innovation within the company.

Statoil has not only eliminated budgets but it is in the process of doing away with calendars.

You can get deeper insight into these time-vaporizing innovations by reading the Statoil case study (one that focuses on management innovation) at the Management Information Exchange (MIX). Statoil's story is a finalist for the Beyond Bureaucracy Challenge.

Read the full article at Businessfinancemag.com.

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