As a leading innovation company with 1600 employees in Germany, United Kingdom, Austria, Serbia, Bulgaria, Singapore, Hong Kong, Portugal, Switzerland and Vietnam, Zühlke has always some ongoing and planned strategic initiatives.
One size fits all? Nothing of the sort! Participatory budgeting calls for a tailored solution, one that can constantly evolve and adapt to the given situation. In this article, we describe how we do it at Zühlke.
Together with my colleague Nadine, I presented an updated version of our participatory budgeting approach. We had already shared the first version at a previous event, but since then we made significant changes that we wanted to share. A quick disclaimer: we did not invent participatory budgeting. We built on the materials from the SAFe (Scaled Agile Framework), so you will find the copyright on the relevant slides. If you want to introduce participatory budgeting in your own organization, we are happy to share our experience and always reference the original SAFe materials.
This is the English-language version of our talk on participatory budgeting at Zühlke. Nadine Broghammer and I describe how we coached a portfolio team through a participatory budgeting (PB) event based on SAFe, and how the value stream leads collectively allocated the budget for the second half of the year. A separate post covers the German version of the same talk.
In this meetup talk, Nadine Broghammer and I share our experience coaching a portfolio team on participatory budgeting based on the SAFe framework. We explain the problem with traditional top-down budget allocation and show how participatory budgeting creates transparency, fosters entrepreneurial thinking, and leads to better investment decisions.
