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<div class=3DSection1>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
dth=3D600
 style=3D'width:450.0pt;mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm 0cm=
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 <tr style=3D'mso-yfti-irow:0'>
  <td style=3D'border-top:none;border-left:solid #CCCCCC 1.0pt;border-botto=
m:
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75pt;
  mso-border-right-alt:solid #CCCCCC .75pt;background:#CC6600;padding:.75pt=
 3.75pt 2.25pt 3.0pt'>
  <p class=3DMsoNormal style=3D'margin-top:6.0pt;margin-right:0cm;margin-bo=
ttom:
  6.0pt;margin-left:0cm'><b><i><span lang=3DEN-US style=3D'font-size:2.0pt;
  mso-bidi-font-size:12.0pt;font-family:Verdana;color:navy;mso-ansi-languag=
e:
  EN-US'><o:p>&nbsp;</o:p></span></i></b></p>
  <p class=3DMsoNormal style=3D'margin-top:6.0pt'><b><span lang=3DEN-US
  style=3D'font-size:18.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
  color:#663300;mso-ansi-language:EN-US'><span
  style=3D'mso-spacerun:yes'>&nbsp;</span></span></b><b><span lang=3DEN-US
  style=3D'font-size:18.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
  color:#522900;mso-ansi-language:EN-US'>Beyond Budgeting no Brasil<o:p></o=
:p></span></b></p>
  <p class=3DMsoNormal align=3Dright style=3D'margin-bottom:6.0pt;text-alig=
n:right'><b><span
  lang=3DEN-US style=3D'font-size:9.0pt;mso-bidi-font-size:12.0pt;font-fami=
ly:Verdana;
  color:white;mso-ansi-language:EN-US'><a
  href=3D"http://www.nielspflaeging.com/bbbrasil1.html"><span style=3D'colo=
r:white'>Newsletter
  No. </span><span style=3D'font-size:18.0pt;color:white'>5</span></a></spa=
n></b><b><span
  lang=3DEN-US style=3D'font-size:9.0pt;mso-bidi-font-size:12.0pt;font-fami=
ly:Verdana;
  mso-fareast-font-family:"Arial Unicode MS";color:white;mso-ansi-language:
  EN-US'><o:p></o:p></span></b></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:1'>
  <td style=3D'border-top:none;border-left:solid #CCCCCC 1.0pt;border-botto=
m:
  none;border-right:solid #CCCCCC 1.0pt;mso-border-left-alt:solid #CCCCCC .=
75pt;
  mso-border-right-alt:solid #CCCCCC .75pt;padding:.75pt 3.75pt 2.25pt 3.0p=
t'>
  <p><span style=3D'font-size:7.5pt;font-family:Verdana;color:#6A0000'>Deze=
mbro
  2003 | Not&iacute;cias, eventos e mat&eacute;rias sobre a gest&atilde;o <=
i>al&eacute;m
  do or&ccedil;amento </i>no Brasil </span><span style=3D'color:#6A0000'><o=
:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'mso-yfti-irow:2;mso-yfti-lastrow:yes'>
  <td style=3D'background:#CCCCCC;padding:0cm 0cm 0cm 0cm'>
  <table class=3DMsoNormalTable border=3D0 cellspacing=3D1 cellpadding=3D0 =
width=3D"100%"
   style=3D'width:100.0%;mso-cellspacing:.7pt;mso-padding-alt:12.75pt 12.75=
pt 12.75pt 12.75pt'>
   <tr style=3D'mso-yfti-irow:0;page-break-inside:avoid'>
    <td rowspan=3D2 valign=3Dtop style=3D'background:#D9D9D9;padding:9.0pt =
12.75pt 12.75pt 12.75pt'>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Caro leitor,</s=
pan></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Recentemente, a=
o saber
    da publica&ccedil;&atilde;o do novo livro de Ricardo Semler, &#8220;<sp=
an
    class=3DSpellE>The</span> <span class=3DSpellE>Seven-Day</span> Weekend=
&#8221;
    (ainda in&eacute;dito no Brasil), resolvi ler &#8220;Virando a pr&oacut=
e;pria
    mesa&#8221;, a obra cl&aacute;ssica dele. Nesse livro, chamou a minha
    aten&ccedil;&atilde;o o fato de que a SEMCO &eacute;, no Brasil, uma da=
s organiza&ccedil;&otilde;es
    que mais incorpora os <a
    href=3D"http://www.nielspflaeging.com/12principios.pdf">12 princ&iacute=
;pios
    de &#8220;Beyond Budgeting&#8221;</a> e que vem criando um modelo revol=
ucion&aacute;rio
    e, ao mesmo tempo, coerente de gest&atilde;o.<o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Em entrevista r=
ecente,
    Semler declarou que &#8220;O gerente como controlador &eacute; desneces=
s&aacute;rio.
    Ele &eacute; assim porque est&aacute; seguindo um plano que foi tra&cce=
dil;ado
    por um conselho de acionistas que diz: <i>Eu quero</i>. <span class=3DG=
ramE>Esse
    quero &eacute;</span> voluntarioso. <i>Eu quero que a empresa fature 1 =
milh&atilde;o.
    </i>Por que voc&ecirc; quer? Se ela faturar 938 milh&otilde;es, voc&eci=
rc; vai
    ficar super chateado? Este voluntarismo &eacute; travestido de um plano=
 de
    metas que d&aacute; a aparente sensa&ccedil;&atilde;o de controle. [...=
] Lideran&ccedil;a
    e controle para mim n&atilde;o t&ecirc;m rela&ccedil;&atilde;o.&#8221;<=
o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Semler vem prov=
ando
    que &eacute; perfeitamente vi&aacute;vel criar neste pa&iacute;s uma
    empresa flex&iacute;vel e radicalmente descentralizada - muito al&eacut=
e;m
    da gest&atilde;o tradicional, baseada em or&ccedil;amentos.<o:p></o:p><=
/span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Vale a pena ler=
 ou re-ler
    este livro, escrito originalmente em 1988, agora sob a &oacute;tica do
    Beyond Budgeting! <i>(Editora Rocco, 2002)</i><o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Feliz Natal e u=
m &oacute;timo
    2004!<o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Cordialmente,<b=
r>
    Niels Pflaeging <o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'><o:p>&nbsp;</o:=
p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'><o:p>&nbsp;</o:=
p></span></p>
    <p align=3Dright style=3D'text-align:right'><span style=3D'font-size:10=
.0pt;
    font-family:Verdana'><span style=3D'mso-spacerun:yes'>&nbsp;</span><o:p=
></o:p></span></p>
    </td>
    <td width=3D"40%" valign=3Dtop style=3D'width:40.0%;background:white;pa=
dding:
    9.0pt 3.75pt 12.75pt 3.75pt'>
    <p><b><span style=3D'font-size:10.0pt;font-family:Verdana;color:#595932=
'>Leia
    as seguintes mat&eacute;rias e dicas</span></b></p>
    <div align=3Dcenter>
    <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0
     style=3D'mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm 0cm'>
     <tr style=3D'mso-yfti-irow:0;page-break-inside:avoid'>
      <td width=3D210 style=3D'width:157.35pt;background:#CCCC99;padding:0c=
m 0cm 0cm 0cm'>
      <p class=3DMsoNormal><b><span style=3D'font-size:10.0pt;font-family:V=
erdana;
      color:black'>Balanced Scorecard &amp; Beyond Budgeting<o:p></o:p></sp=
an></b></p>
      </td>
      <td width=3D83 rowspan=3D2 valign=3Dtop style=3D'width:61.9pt;backgro=
und:#C5C96B;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'><o:p>&nbsp;</o:p></span></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;page-break-inside:avoid'>
      <td width=3D210 valign=3Dtop style=3D'width:157.35pt;padding:0cm 0cm =
0cm 0cm'>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:.1pt'><b><span style=3D'font-size:10.0pt;font-fami=
ly:
      Verdana;color:black'>&#8220;Desafios do uso de Balanced Scorecard na =
gest&atilde;o
      tradicional versus na gest&atilde;o <i>al&eacute;m do or&ccedil;ament=
o</i>&#8221;<o:p></o:p></span></b></p>
      <p class=3DMsoNormal style=3D'margin-bottom:12.0pt'><b><span
      style=3D'font-size:8.0pt;font-family:Verdana;color:black'><a
      href=3D"http://www.nielspflaeging.com/bsc-beyondbudgeting.pdf">Veja u=
ma
      sele&ccedil;&atilde;o dos slides apresentados no evento organizado pe=
la
      Symnetics (27/11/2003)</a><o:p></o:p></span></b></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:2;mso-yfti-lastrow:yes'>
      <td colspan=3D2 valign=3Dtop style=3D'padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-size:7.5pt;font-family:Verda=
na;
      color:#595932'>Com a crescente difus&atilde;o de conceitos inovadores=
 - como
      o Balanced Scorecard - voltados para a gest&atilde;o e a execu&ccedil=
;&atilde;o
      de estrat&eacute;gias, surgem novas perguntas: <br>
      - Como &eacute; que os processos tradicionais de planejamento operaci=
onal
      ou or&ccedil;ament&aacute;rio devem se encaixar neste novo processo de
      gest&atilde;o? <br>
      - Como integrar os dois processos? <br>
      E mais: por que n&atilde;o abandonar por completo as pr&aacute;ticas =
tradicionais
      de planejamento? Ser&aacute; que os or&ccedil;amentos se tornam &#822=
0;automaticamente&#8221;
      obsoletos com a utiliza&ccedil;&atilde;o do BSC? A resposta: s&atilde=
;o <i>v&aacute;rias
      </i>as mudan&ccedil;as necess&aacute;rias para liberar completamente o
      potencial do processo de <span class=3DSpellE><i>Scorecarding</i></sp=
an>!<i>
      </i><a href=3D"http://www.nielspflaeging.com/bsc-beyondbudgeting.pdf"=
>Veja os
      slides aqui</a>.</span><span style=3D'font-family:"Arial Unicode MS";
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'><o:p></o:p></span></p>
      </td>
     </tr>
    </table>
    </div>
    <p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><span
    style=3D'color:black'><o:p>&nbsp;</o:p></span></p>
    <div align=3Dcenter>
    <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D=
0 width=3D293
     style=3D'width:219.6pt;mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm=
 0cm'>
     <tr style=3D'mso-yfti-irow:0;page-break-inside:avoid'>
      <td width=3D36 rowspan=3D2 valign=3Dtop style=3D'width:27.1pt;backgro=
und:#CFB08B;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-size:8.0pt;mso-bidi-font-siz=
e:12.0pt;
      font-family:Verdana;mso-fareast-font-family:"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS"'><o:p>&nbsp;</o:p></span></p>
      </td>
      <td width=3D257 style=3D'width:192.5pt;background:#D2B798;padding:0cm=
 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span class=3DSpellE><b><span lang=3DEN-US
      style=3D'font-size:10.0pt;font-family:Verdana;color:black;mso-ansi-la=
nguage:
      EN-US'>Saiba</span></b></span><b><span lang=3DEN-US style=3D'font-siz=
e:10.0pt;
      font-family:Verdana;color:black;mso-ansi-language:EN-US'> <span
      class=3DSpellE>mais</span> <span class=3DSpellE>sobre</span> Beyond B=
udgeting<o:p></o:p></span></b></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;page-break-inside:avoid'>
      <td width=3D257 valign=3Dtop style=3D'width:192.5pt;padding:0cm 0cm 0=
cm 0cm'>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:5.3pt'><b><span style=3D'font-size:10.0pt;font-fam=
ily:
      Verdana;color:black'>As 9 &aacute;reas de mudan&ccedil;a para impleme=
ntar
      o novo modelo de gest&atilde;o &#8220;al&eacute;m do or&ccedil;amento=
&#8221;<o:p></o:p></span></b></p>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:5.3pt'><b><span style=3D'font-size:8.0pt;font-fami=
ly:
      Verdana;color:black'><a
      href=3D"http://www.nielspflaeging.com/implementar.pdf">Veja os slides=
 desta
      nova apresenta&ccedil;&atilde;o </a><o:p></o:p></span></b></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:2;mso-yfti-lastrow:yes'>
      <td width=3D293 colspan=3D2 valign=3Dtop style=3D'width:219.6pt;paddi=
ng:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-size:7.5pt;font-family:Verda=
na;
      color:#595932'>A apresenta&ccedil;&atilde;o mostra organiza&ccedil;&o=
tilde;es
      no mundo inteiro que foram &#8220;al&eacute;m do or&ccedil;amento&#82=
21;
      e explica como os processos tradicionais e obsoletos de gest&atilde;o
      podem ser substitu&iacute;dos ou redesenhados.<o:p></o:p></span></p>
      </td>
     </tr>
    </table>
    </div>
    <p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><span
    style=3D'color:black'><o:p>&nbsp;</o:p></span></p>
    <div align=3Dcenter>
    <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0
     style=3D'mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm 0cm'>
     <tr style=3D'mso-yfti-irow:0;page-break-inside:avoid'>
      <td width=3D252 style=3D'width:189.1pt;background:#CCCC99;padding:0cm=
 0cm 0cm 0cm'>
      <p class=3DMsoNormal><b><span style=3D'font-size:10.0pt;font-family:V=
erdana;
      color:black'>Pr&oacute;ximos eventos sobre Beyond Budgeting</span></b=
><span
      style=3D'color:black'> </span><span style=3D'font-family:"Arial Unico=
de MS";
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'><o:p></o:p></span></p>
      </td>
      <td width=3D40 rowspan=3D2 valign=3Dtop style=3D'width:30.15pt;backgr=
ound:#C5C96B;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'><o:p>&nbsp;</o:p></span></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;mso-yfti-lastrow:yes;page-break-inside:av=
oid;
      height:8.1pt'>
      <td width=3D252 valign=3Dtop style=3D'width:189.1pt;padding:0cm 0cm 0=
cm 0cm;
      height:8.1pt'>
      <p class=3DMsoNormal style=3D'margin-bottom:12.0pt'><span style=3D'fo=
nt-size:
      10.0pt;font-family:Verdana;color:black'>- &quot;Beyond Budgeting &#82=
11;
      Gerenciar melhor o desempenho <i>sem</i> or&ccedil;amentos&#8221; </s=
pan><span
      style=3D'font-size:7.5pt;font-family:Verdana;color:#666633'>Semin&aac=
ute;rios
      de 1 dia. Dias 27 (no Rio de Janeiro) e 28 de janeiro 2004 (em S&atil=
de;o
      Paulo). Organizado por: Cavalcante e Associados. <a
      href=3D"http://www.cavalcanteassociados.com.br/"><span style=3D'color=
:#666633'>Veja
      agenda</span></a><o:p></o:p></span></p>
      <p class=3DMsoNormal style=3D'margin-bottom:12.0pt'><span style=3D'fo=
nt-size:
      10.0pt;font-family:Verdana;color:black'>- &quot;Monitoramento e Gest&=
atilde;o
      de Riscos na Gest&atilde;o Flex&iacute;vel e Descentralizada &#8216;A=
l&eacute;m
      do Or&ccedil;amento&#8217;&#8221; </span><span style=3D'font-size:7.5=
pt;
      font-family:Verdana;color:#666633'>Palestra no congresso <i>Gest&atil=
de;o
      de Riscos para Auditoria Interna</i>, dia 05 de fevereiro 2004,
      S&atilde;o Paulo. Organizado por: IBC. <a
      href=3D"http://www.ibcbrasil.com/auditoria"><span style=3D'color:#666=
633'>Veja
      agenda</span></a><o:p></o:p></span></p>
      </td>
     </tr>
    </table>
    </div>
    <p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><span
    style=3D'color:black'><o:p>&nbsp;</o:p></span></p>
    <div align=3Dcenter>
    <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D=
0 width=3D293
     style=3D'width:219.6pt;mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm=
 0cm'>
     <tr style=3D'mso-yfti-irow:0;page-break-inside:avoid'>
      <td width=3D24 rowspan=3D2 valign=3Dtop style=3D'width:18.1pt;backgro=
und:#CFB08B;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-size:8.0pt;mso-bidi-font-siz=
e:12.0pt;
      font-family:Verdana;mso-fareast-font-family:"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:black'><o:p>&nbsp;</o:p=
></span></p>
      </td>
      <td width=3D269 style=3D'width:201.5pt;background:#D2B798;padding:0cm=
 0cm 0cm 0cm'>
      <p class=3DMsoNormal><b><span style=3D'font-size:10.0pt;font-family:V=
erdana;
      color:black'>Ant&iacute;doto para o convencional &#8211; pensando
      &#8220;al&eacute;m&#8221;</span></b><span style=3D'font-family:"Arial=
 Unicode MS";
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'><o:p></o:p></span></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;mso-yfti-lastrow:yes;page-break-inside:av=
oid'>
      <td width=3D269 valign=3Dtop style=3D'width:201.5pt;padding:0cm 0cm 0=
cm 0cm'>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:5.3pt'><span style=3D'font-size:10.0pt;font-family=
:Verdana;
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:black'>- Re-imagine, Tom <span class=3DSpellE>Peters</span>. </=
span><span
      style=3D'font-size:7.5pt;font-family:Verdana;mso-fareast-font-family:=
"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:#666633'>O guru america=
no
      de gest&atilde;o mostra, neste livro, porque &eacute;
      imprescind&iacute;vel destruir uma parte das nossas organiza&ccedil;&=
otilde;es
      para <span class=3DSpellE>re-imagin&aacute;-las</span> e torn&aacute;=
-las continuamente
      competitivas. <span class=3DSpellE>Peters</span> pretende aqui re-inv=
entar
      o livro de gest&atilde;o &#8211; e temos que admitir que esta promessa
      foi bastante cumprida: o livro tem formato, estilo e layout totalmente
      inovadores. Um livro desafiador e verdadeiramente inspirador.</span><=
span
      style=3D'font-size:7.5pt;font-family:Verdana;mso-fareast-font-family:=
"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:black'> </span><i
      style=3D'mso-bidi-font-style:normal'><span style=3D'font-size:7.5pt;
      font-family:Verdana;mso-fareast-font-family:"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:#666633'>Editora DK, 20=
03</span></i><span
      style=3D'font-size:10.0pt;font-family:Verdana;mso-fareast-font-family=
:"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:black'><o:p></o:p></spa=
n></p>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:5.3pt'><span lang=3DEN-US style=3D'font-size:10.0p=
t;
      font-family:Verdana;mso-fareast-font-family:"Arial Unicode MS";
      mso-bidi-font-family:"Arial Unicode MS";color:black;mso-ansi-language:
      EN-US'>-The Seven-Day-Weekend, de Ricardo <span class=3DSpellE>Semler=
</span>.
      </span><span style=3D'font-size:7.5pt;font-family:Verdana;mso-fareast=
-font-family:
      "Arial Unicode MS";mso-bidi-font-family:"Arial Unicode MS";color:#666=
633'>O
      novo livro de Semler, por enquanto publicado somente em ingl&ecirc;s,=
 mostra
      os avan&ccedil;os da SEMCO nos &uacute;ltimos 15 anos. Segundo Semler=
, em
      vez de responder &agrave; pergunta &quot;Ah, conta como &eacute; que =
voc&ecirc;s
      fizeram&quot;, neste livro, ele trata do &quot;Bom, j&aacute; entendi
      como voc&ecirc;s fizeram. A pergunta &eacute;: como isso serve para n=
&oacute;s?&quot;
      <span style=3D'mso-spacerun:yes'>&nbsp;</span><i>Editora <span
      class=3DSpellE>Century</span>, 2003</i> <o:p></o:p></span></p>
      </td>
     </tr>
    </table>
    </div>
    <p><o:p></o:p></p>
    </td>
   </tr>
   <tr style=3D'mso-yfti-irow:1;page-break-inside:avoid;height:1.0pt'>
    <td style=3D'background:white;padding:12.75pt 12.75pt 12.75pt 12.75pt;
    height:1.0pt'>
    <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";mso-=
fareast-font-family:
    "Arial Unicode MS";mso-bidi-font-family:"Arial Unicode MS";color:black'=
><o:p>&nbsp;</o:p></span></p>
    </td>
   </tr>
   <tr style=3D'mso-yfti-irow:2'>
    <td colspan=3D2 style=3D'background:white;padding:12.75pt 12.75pt 12.75=
pt 12.75pt'>
    <p><b><span style=3D'font-size:10.0pt;font-family:Verdana'>Tamb&eacute;=
m nos <span
    class=3DSpellE>sites</span> <a href=3D"http://www.nielspflaeging.com/">=
www.nielspflaeging.com</a>
    e <a href=3D"http://www.bbrt.org/">www.bbrt.org</a>: </span></b></p>
    <table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0
     width=3D"100%" style=3D'width:100.0%;mso-cellspacing:0cm;mso-padding-a=
lt:9.0pt 9.0pt 9.0pt 9.0pt'>
     <tr style=3D'mso-yfti-irow:0;mso-yfti-lastrow:yes'>
      <td width=3D"33%" valign=3Dtop style=3D'width:33.0%;background:#DDDDD=
D;
      padding:9.0pt 9.0pt 9.0pt 9.0pt'>
      <p><span class=3DGramE><b><span style=3D'font-size:10.0pt;font-family=
:Verdana'>Slides
      de Palestras e mat&eacute;rias &#8211; </span></b><span style=3D'font=
-size:
      8.0pt;font-family:Verdana'>Confira</span></span><span style=3D'font-s=
ize:
      8.0pt;font-family:Verdana'> os slides das palestras do dia 17/11/2003=
 em <span
      class=3DSpellE>Piracicaba/SP</span>: <i>&quot;Beyond Budgeting &#8211=
; como
      gerenciar melhor sem or&ccedil;amentos&#8221;</i> &#8211; Palestras
      introdut&oacute;rias sobre Beyond Budgeting, realizadas no SIMESP e na
      UNIMEP em Piracicaba.<br>
      A apresenta&ccedil;&atilde;o pode ser acessada <a
      href=3D"http://www.nielspflaeging.com/bbbrasil1.html">aqui</a>.<o:p><=
/o:p></span></p>
      </td>
      <td width=3D"34%" valign=3Dtop style=3D'width:34.0%;background:#EEEEE=
E;
      padding:9.0pt 9.0pt 9.0pt 9.0pt'>
      <p><b><span style=3D'font-size:10.0pt;font-family:Verdana'>Press Rele=
ase </span></b><span
      style=3D'font-size:10.0pt;font-family:Verdana'>&#8211; </span><span
      style=3D'font-size:8.0pt;font-family:Verdana'>Confira o mais recente
      &quot;Press Release&quot;, com uma breve apresenta&ccedil;&atilde;o do
      conceito Beyond Budgeting. De maneira bem sucinta, s&atilde;o respond=
idas
      perguntas como: &quot;O que &eacute; o Beyond Budgeting&quot;, &quot;O
      que &eacute; o Beyond Budgeting Round Table (BBRT)&quot; etc. O relea=
se,
      al&eacute;m de divulgar o conceito para a imprensa e interessados em
      geral, pretende acelerar o processo de funda&ccedil;&atilde;o da Mesa
      Redonda para o Brasil. Acesse o arquivo <a
      href=3D"http://www.nielspflaeging.com/pressrelease.pdf">aqui</a>.</sp=
an><span
      style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt'><o:p></o:p></spa=
n></p>
      </td>
      <td width=3D"33%" valign=3Dtop style=3D'width:33.0%;background:#DDDDD=
D;
      padding:9.0pt 9.0pt 9.0pt 9.0pt'>
      <p><b><span style=3D'font-size:10.0pt;font-family:Verdana'>Diagn&oacu=
te;stico
      do BBRT</span></b><span style=3D'font-size:10.0pt;font-family:Verdana=
'><br>
      </span><span style=3D'font-size:8.0pt;font-family:Verdana'>O BBRT Eur=
opa
      opera um sistema de &#8220;diagn&oacute;stico on-line&#8221;, que aju=
da
      as organiza&ccedil;&otilde;es <span class=3DGramE>a</span> &#8220;med=
ir a
      si mesmo&#8221;, em compara&ccedil;&atilde;o com os princ&iacute;pios=
 de
      gest&atilde;o do modelo Beyond Budgeting. Esta &eacute; uma maneira
      r&aacute;pida e simples para ganhar uma primeira id&eacute;ia (A) dos
      pontos fortes e fracos do atual modelo de gest&atilde;o da sua
      organiza&ccedil;&atilde;o e (B) do grau de mudan&ccedil;a
      necess&aacute;rio. Este diagn&oacute;stico pode ser acessado sem cust=
o <a
      href=3D"http://www.beyondbudgeting.org/">aqui</a>.</span><span
      style=3D'font-size:10.0pt;font-family:Verdana'> </span><span
      style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt'><o:p></o:p></spa=
n></p>
      </td>
     </tr>
    </table>
    <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";mso-=
fareast-font-family:
    "Arial Unicode MS";mso-bidi-font-family:"Arial Unicode MS";color:black'=
><o:p></o:p></span></p>
    </td>
   </tr>
   <tr style=3D'mso-yfti-irow:3;height:95.45pt'>
    <td colspan=3D2 style=3D'background:white;padding:12.75pt 12.75pt 12.75=
pt 12.75pt;
    height:95.45pt'>
    <p><b><span style=3D'font-size:10.0pt;font-family:Verdana;color:#CC0033=
'>Servi&ccedil;o</span></b><span
    style=3D'font-size:10.0pt'><br>
    </span><span style=3D'font-size:8.0pt;font-family:Verdana'>Este e-mail
    est&aacute; sendo enviado para voc&ecirc; por que (1) voc&ecirc; requis=
itou
    o recebimento da <span class=3DSpellE>newsletter</span> ou (2) voc&ecir=
c; foi
    adicionado &agrave; lista de <span class=3DSpellE>email</span> por ter
    mostrado interesse neste servi&ccedil;o. Se voc&ecirc; prefere deixar de
    receber esta newsletter, por favor, responda este e-mail.</span><span
    style=3D'font-size:10.0pt'><o:p></o:p></span></p>
    <p><span style=3D'font-size:8.0pt;font-family:Verdana'>Perguntas?
    Coment&aacute;rios? &Eacute; s&oacute; responder esta newsletter para
    entrar em contato com Niels Pflaeging.</span><span style=3D'font-size:1=
0.0pt'><o:p></o:p></span></p>
    </td>
   </tr>
   <tr style=3D'mso-yfti-irow:4;mso-yfti-lastrow:yes'>
    <td colspan=3D3 style=3D'background:white;padding:9.0pt 12.75pt 9.0pt 1=
2.75pt'>
    <p align=3Dcenter style=3D'text-align:center'><span class=3DSpellE><span
    lang=3DEN-US style=3D'font-size:7.5pt;font-family:Verdana;mso-ansi-lang=
uage:
    EN-US'>Acesse</span></span><span lang=3DEN-US style=3D'font-size:7.5pt;
    font-family:Verdana;mso-ansi-language:EN-US'> <a
    href=3D"http://www.nielspflaeging.com/">http://www.nielspflaeging.com/<=
/a> </span><span
    lang=3DEN-US style=3D'mso-ansi-language:EN-US'><br>
    </span><span lang=3DEN-US style=3D'font-size:7.5pt;font-family:Verdana;
    color:windowtext;mso-ansi-language:EN-US'>&copy; Copyright 2003 Niels
    Pflaeging</span><span lang=3DEN-US style=3D'mso-ansi-language:EN-US'><o=
:p></o:p></span></p>
    </td>
   </tr>
  </table>
  <p class=3DMsoNormal><span lang=3DEN-US style=3D'font-family:"Arial Unico=
de MS";
  mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Arial Un=
icode MS";
  color:black;mso-ansi-language:EN-US'><o:p></o:p></span></p>
  </td>
 </tr>
</table>

<p class=3DMsoNormal><span lang=3DEN-US style=3D'mso-ansi-language:EN-US'><=
o:p>&nbsp;</o:p></span></p>

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