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<title>Beyond Budgeting no Brasil</title>
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  <o:Subject>Beyond Budgeting Newsletter</o:Subject>
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4pt'>

<div class=3DSection1>

<table class=3DMsoNormalTable border=3D0 cellspacing=3D0 cellpadding=3D0 wi=
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 style=3D'width:450.0pt;mso-cellspacing:0cm;mso-padding-alt:0cm 0cm 0cm 0cm=
'>
 <tr style=3D'mso-yfti-irow:0'>
  <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;background:#009A96;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>
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  style=3D'font-size:18.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
  color:#005654'><span style=3D'mso-spacerun:yes'>&nbsp;</span></span></b><=
b><span
  style=3D'font-size:18.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
  color:#004A48'>Beyond Budgeting no Brasil<o:p></o:p></span></b></p>
  <p class=3DMsoNormal style=3D'margin-top:6.0pt'><b><span style=3D'font-si=
ze:2.0pt;
  font-family:Verdana;color:#DC5900'><o:p>&nbsp;</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.metamanagementgroup.com/bbb-newsletter7.mht"><span
  lang=3DPT-BR style=3D'font-size:10.0pt;color:white;mso-ansi-language:PT-B=
R;
  font-weight:normal;mso-bidi-font-weight:bold'>Newsletter</span><span
  lang=3DPT-BR style=3D'color:white;mso-ansi-language:PT-BR;font-weight:nor=
mal;
  mso-bidi-font-weight:bold'> </span><span class=3DSpellE><span lang=3DPT-BR
  style=3D'font-size:18.0pt;color:white;mso-ansi-language:PT-BR'>Maio/04</s=
pan></span><span
  lang=3DPT-BR style=3D'font-size:14.0pt;color:white;mso-ansi-language:PT-B=
R'>: <br>
  </span><span class=3DSpellE><span lang=3DPT-BR style=3D'font-size:10.0pt;
  color:white;mso-ansi-language:PT-BR;font-weight:normal;mso-bidi-font-weig=
ht:
  bold'>Entrevista/FAQ</span></span><span lang=3DPT-BR style=3D'font-size:1=
0.0pt;
  color:white;mso-ansi-language:PT-BR;font-weight:normal;mso-bidi-font-weig=
ht:
  bold'> &#8211; Slides da Fecap &#8211; Mapas Estrat&eacute;gicos</span></=
a></span></b><b><span
  style=3D'font-size:9.0pt;mso-bidi-font-size:12.0pt;font-family:Verdana;
  mso-fareast-font-family:"Arial Unicode MS";color:white'><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'>Maio=
 2004
  | 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;height:869.75pt'>
    <td rowspan=3D2 valign=3Dtop style=3D'background:#D9D9D9;padding:9.0pt =
12.75pt 12.75pt 12.75pt;
    height:869.75pt'>
    <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'>Nessa
    edi&ccedil;&atilde;o, resolvemos publicar <b>o que voc&ecirc; sempre qu=
is
    saber sobre Beyond Budgeting, mas nunca teve coragem de perguntar. </b>=
<o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Em formato de
    entrevista, discutimos uma s&eacute;rie de perguntas freq&uuml;entes,
    pol&ecirc;micas e at&eacute; mesmo provocadoras:<o:p></o:p></span></p>
    <p style=3D'margin-left:18.0pt;text-indent:-18.0pt;mso-list:l0 level1 l=
fo2;
    tab-stops:list 18.0pt'><![if !supportLists]><span style=3D'font-size:10=
.0pt;
    font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
    Symbol'><span style=3D'mso-list:Ignore'>&middot;<span style=3D'font:7.0=
pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </span></span></span><![endif]><span dir=3DLTR><span style=3D'font-size=
:10.0pt;
    font-family:Verdana'>A representa&ccedil;&atilde;o do modelo Beyond
    Budgeting atrav&eacute;s de um conjunto de 12 princ&iacute;pios n&atild=
e;o
    &eacute; muito confusa?<o:p></o:p></span></span></p>
    <p style=3D'margin-left:18.0pt;text-indent:-18.0pt;mso-list:l0 level1 l=
fo2;
    tab-stops:list 18.0pt'><![if !supportLists]><span style=3D'font-size:10=
.0pt;
    font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
    Symbol'><span style=3D'mso-list:Ignore'>&middot;<span style=3D'font:7.0=
pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </span></span></span><![endif]><span dir=3DLTR><span style=3D'font-size=
:10.0pt;
    font-family:Verdana'>Qual &eacute; o perigo, no Beyond Budgeting, de se=
 ter
    uma micro-gest&atilde;o?<o:p></o:p></span></span></p>
    <p style=3D'margin-left:18.0pt;text-indent:-18.0pt;mso-list:l0 level1 l=
fo2;
    tab-stops:list 18.0pt'><![if !supportLists]><span style=3D'font-size:10=
.0pt;
    font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
    Symbol'><span style=3D'mso-list:Ignore'>&middot;<span style=3D'font:7.0=
pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </span></span></span><![endif]><span dir=3DLTR><span style=3D'font-size=
:10.0pt;
    font-family:Verdana'>Os cr&iacute;ticos t&ecirc;m raz&atilde;o quando d=
izem
    que Beyond Budgeting somente funciona para uma minoria de empresas?<o:p=
></o:p></span></span></p>
    <p style=3D'margin-left:18.0pt;text-indent:-18.0pt;mso-list:l0 level1 l=
fo2;
    tab-stops:list 18.0pt'><![if !supportLists]><span style=3D'font-size:10=
.0pt;
    font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
    Symbol'><span style=3D'mso-list:Ignore'>&middot;<span style=3D'font:7.0=
pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </span></span></span><![endif]><span dir=3DLTR><span style=3D'font-size=
:10.0pt;
    font-family:Verdana'>Qual &eacute; o grau de &#8220;sofrimento
    coletivo&#8221; necess&aacute;rio para justificar uma iniciativa de Bey=
ond
    Budgeting?<o:p></o:p></span></span></p>
    <p style=3D'margin-left:18.0pt;text-indent:-18.0pt;mso-list:l0 level1 l=
fo2;
    tab-stops:list 18.0pt'><![if !supportLists]><span style=3D'font-size:10=
.0pt;
    font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
    Symbol'><span style=3D'mso-list:Ignore'>&middot;<span style=3D'font:7.0=
pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </span></span></span><![endif]><span dir=3DLTR><span style=3D'font-size=
:10.0pt;
    font-family:Verdana'>Qual &eacute; o v&iacute;nculo entre a gest&atilde=
;o
    de intang&iacute;veis, o aprendizado organizacional e a gest&atilde;o s=
em
    or&ccedil;amentos?<o:p></o:p></span></span></p>
    <p><b style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:10=
.0pt;
    font-family:Verdana'>Dividimos a entrevista em duas partes. </span></b>=
<span
    style=3D'font-size:10.0pt;font-family:Verdana;mso-bidi-font-weight:bold=
'>Na
    pr&oacute;xima edi&ccedil;&atilde;o (3 de junho), </span><span
    style=3D'font-size:10.0pt;font-family:Verdana'>apresentaremos a segunda=
 parte
    deste paper. Iremos discutir o uso de outras ferramentas de gest&atilde=
;o
    como Balanced Scorecards e Benchmarking na gest&atilde;o Beyond Budgeti=
ng;
    as t&eacute;cnicas reunidas no conceito &#8220;Better Budgeting&#8221; =
e as
    perspectivas j&aacute; delineadas para Beyond Budgeting e o BBRT. <br>
    Se voc&ecirc; tem alguma quest&atilde;o sobre Beyond Budgeting e nunca
    ousou perguntar, <a href=3D"mailto:mail@nielspflaeging.com">aproveite p=
ara
    fazer aqui!</a> <o:p></o:p></span></p>
    <p><span style=3D'font-size:10.0pt;font-family:Verdana'>Aguardem! No
    m&ecirc;s de outubro, ser&aacute; lan&ccedil;ado o <b style=3D'mso-bidi=
-font-weight:
    normal'>primeiro livro sobre Beyond Budgeting em portugu&ecirc;s</b>: a
    Editora Atlas publicar&aacute; a tradu&ccedil;&atilde;o do meu livro
    j&aacute; lan&ccedil;ado no ano passado, na Alemanha. O livro foi <span
    class=3DSpellE>bestseller</span> na <span class=3DGramE>Financial Times=
</span>
    da Alemanha durante 14 semanas, avaliado <b style=3D'mso-bidi-font-weig=
ht:
    normal'>&#8220;</b>melhor livro sobre Beyond Budgeting<b style=3D'mso-b=
idi-font-weight:
    normal'>&#8221;</b> pelo site <span class=3DSpellE><i>buecher</i></span=
><i>.de</i>
    e nomeado<span style=3D'mso-spacerun:yes'>&nbsp; </span><b style=3D'mso=
-bidi-font-weight:
    normal'>&#8220;</b>melhor livro de gest&atilde;o do ano 2003<b
    style=3D'mso-bidi-font-weight:normal'>&#8221;</b> pelo site <span
    class=3DSpellE><i>changeX</i></span>. <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>
    </td>
    <td width=3D"40%" valign=3Dtop style=3D'width:40.0%;background:white;pa=
dding:
    9.0pt 3.75pt 12.75pt 3.75pt;height:869.75pt'>
    <p><b><span style=3D'font-size:10.0pt;font-family:Verdana;color:teal'>L=
eia as
    seguintes mat&eacute;rias e dicas</span></b><span style=3D'color:teal'>=
<o:p></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=3D264 style=3D'width:198.05pt;background:#00E4A8;padding:0c=
m 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span class=3DSpellE><b><span style=3D'font-size=
:10.0pt;
      font-family:Verdana;color:black'>Entrevista/FAQ</span></b></span><b><=
span
      style=3D'font-size:10.0pt;font-family:Verdana;color:black'>:<o:p></o:=
p></span></b></p>
      <p class=3DMsoNormal><b><span lang=3DFR style=3D'font-size:10.0pt;fon=
t-family:
      Verdana;color:black;mso-ansi-language:FR'><o:p>&nbsp;</o:p></span></b=
></p>
      </td>
      <td width=3D28 rowspan=3D2 valign=3Dtop style=3D'width:21.2pt;backgro=
und:#00CC99;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span lang=3DFR style=3D'font-family:"Arial Unic=
ode MS";
      color:black;mso-ansi-language:FR'><o:p>&nbsp;</o:p></span></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;page-break-inside:avoid'>
      <td width=3D264 valign=3Dtop style=3D'width:198.05pt;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;Beyond Budgeting significa a
      aboli&ccedil;&atilde;o da cultura de comando e controle&#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:.1pt'><b><span style=3D'font-size:10.0pt;font-fami=
ly:
      Verdana;color:black'><!--[if gte vml 1]><v:shapetype id=3D"_x0000_t75"
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       <v:stroke joinstyle=3D"miter"/>
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       <v:path o:extrusionok=3D"f" gradientshapeok=3D"t" o:connecttype=3D"r=
ect"/>
       <o:lock v:ext=3D"edit" aspectratio=3D"t"/>
      </v:shapetype><v:shape id=3D"_x0000_i1025" type=3D"#_x0000_t75" style=
=3D'width:120pt;
       height:169.5pt' o:bordertopcolor=3D"this" o:borderleftcolor=3D"this"
       o:borderbottomcolor=3D"this" o:borderrightcolor=3D"this">
       <v:imagedata src=3D"bbb-newsletter7_arquivos/image001.jpg" o:title=
=3D"InterviewMai2004-1web"/>
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       <w:borderleft type=3D"single" width=3D"4"/>
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      </v:shape><![endif]--><![if !vml]><img border=3D0 width=3D162 height=
=3D228
      src=3D"bbb-newsletter7_arquivos/image002.jpg" v:shapes=3D"_x0000_i102=
5"><![endif]><o:p></o:p></span></b></p>
      <p class=3DMsoNormal style=3D'margin-top:0cm;margin-right:0cm;margin-=
bottom:
      12.0pt;margin-left:.1pt'><b><span style=3D'font-size:8.0pt;font-famil=
y:
      Verdana;color:black'><a
      href=3D"http://www.metamanagementgroup.com/pdf/InterviewMai2004-1.pdf=
">Faca
      o <span class=3DSpellE>download</span> desta entrevista aqui </a></sp=
an></b><b><span
      style=3D'font-size:10.0pt;font-family:Verdana;color:black'><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:#666633'>Descubra porque: <o:p></o:p></span></p>
      <p class=3DMsoNormal><b><span style=3D'font-size:7.5pt;font-family:Ve=
rdana;
      color:#666633'>&#8220;A gest&atilde;o or&ccedil;ament&aacute;ria </sp=
an></b><span
      style=3D'font-size:7.5pt;font-family:Verdana;color:#666633'>fornece,
      atrav&eacute;s dos seus n&uacute;meros aparentemente s&oacute;lidos, =
uma
      ilus&atilde;o de controle. Ela parece dar objetivos clar&iacute;ssimos
      para todas os n&iacute;veis da organiza&ccedil;&atilde;o e para todas=
 as
      atividades, ao longo de um ano ou mais. Mas a realidade &eacute;
      totalmente diferente.&#8221;<o:p></o:p></span></p>
      <p class=3DMsoNormal><b><span style=3D'font-size:7.5pt;font-family:Ve=
rdana;
      color:#666633'>&#8220;Mudan&ccedil;a cultural</span></b><span
      style=3D'font-size:7.5pt;font-family:Verdana;color:#666633'> deixa mu=
itos
      gestores com um sentimento de inseguran&ccedil;a. Mas n&atilde;o deve=
ria
      ser assim.&#8221;<o:p></o:p></span></p>
      <p class=3DMsoNormal><b><span style=3D'font-size:7.5pt;font-family:Ve=
rdana;
      color:#666633'>&#8220;Uma s&eacute;rie de exemplos</span></b><span
      style=3D'font-size:7.5pt;font-family:Verdana;color:#666633'> mostra q=
ue a
      mudan&ccedil;a cultural para um novo modelo de gest&atilde;o sem
      or&ccedil;amentos &eacute; absolutamente vi&aacute;vel e muito mais
      evolucion&aacute;ria do que revolucion&aacute;ria.&#8221;<o:p></o:p><=
/span></p>
      <p class=3DMsoNormal><span style=3D'font-size:7.5pt;font-family:Verda=
na;
      color:#666633'><a
      href=3D"http://www.metamanagementgroup.com/pdf/InterviewMai2004-1.pdf=
"><span
      style=3D'color:#666633'>Veja a entrevista completa aqui.</span></a></=
span><span
      style=3D'font-family:"Arial Unicode MS"'><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:18.05pt;backgr=
ound:teal;
      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>
      <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>
      <p class=3DMsoNormal><span style=3D'font-size:8.0pt;mso-bidi-font-siz=
e:12.0pt;
      font-family:Verdana;mso-bidi-font-family:"Arial Unicode MS"'><o:p>&nb=
sp;</o:p></span></p>
      <p class=3DMsoNormal><span style=3D'font-size:8.0pt;mso-bidi-font-siz=
e:12.0pt;
      font-family:Verdana;mso-bidi-font-family:"Arial Unicode MS"'><o:p>&nb=
sp;</o:p></span></p>
      </td>
      <td width=3D269 colspan=3D3 style=3D'width:201.55pt;background:#00B8B=
4;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><b><span style=3D'font-size:10.0pt;font-family:V=
erdana;
      color:black'>Beyond Budgeting na <br>
      gest&atilde;o brasileira<o:p></o:p></span></b></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:1;page-break-inside:avoid'>
      <td width=3D269 colspan=3D3 valign=3Dtop style=3D'width:201.55pt;padd=
ing:0cm 0cm 0cm 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'>&#8220;Implementar a gest&atilde;o Beyond Budget=
ing:
      Como adotar <i>contratos relativos de desempenho</i>&#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.metamanagementgroup.com/pdf/BB2004-03-08.pdf">Veja=
 os
      slides apresentados na palestra do mestrado financeiro da FECAP
      (mar&ccedil;o 2004)</a></span></b><b><span style=3D'font-size:10.0pt;
      font-family:Verdana;color:black'><o:p></o:p></span></b></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:2'>
      <td width=3D293 colspan=3D4 valign=3Dtop style=3D'width:219.6pt;paddi=
ng:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";
      color:black'><o:p>&nbsp;</o:p></span></p>
      </td>
     </tr>
     <tr style=3D'mso-yfti-irow:3;page-break-inside:avoid;mso-row-margin-ri=
ght:
      .35pt'>
      <td width=3D264 colspan=3D2 style=3D'width:198.05pt;background:#00E4A=
8;
      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, em todo o
      Brasil</span></b><span style=3D'color:black'> </span><span
      style=3D'font-family:"Arial Unicode MS";color:black'><o:p></o:p></spa=
n></p>
      </td>
      <td width=3D28 rowspan=3D2 valign=3Dtop style=3D'width:21.2pt;backgro=
und:#00CC99;
      padding:0cm 0cm 0cm 0cm'>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS";
      color:black'><o:p>&nbsp;</o:p></span></p>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS"'><=
o:p>&nbsp;</o:p></span></p>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS"'><=
o:p>&nbsp;</o:p></span></p>
      <p class=3DMsoNormal><span style=3D'font-family:"Arial Unicode MS"'><=
o:p>&nbsp;</o:p></span></p>
      </td>
      <td style=3D'mso-cell-special:placeholder;border:none;padding:0cm 0cm=
 0cm 0cm'
      width=3D0><p class=3D'MsoNormal'>&nbsp;</td>
     </tr>
     <tr style=3D'mso-yfti-irow:4;mso-yfti-lastrow:yes;page-break-inside:av=
oid;
      height:8.1pt;mso-row-margin-right:.35pt'>
      <td width=3D264 colspan=3D2 valign=3Dtop style=3D'width:198.05pt;padd=
ing:0cm 0cm 0cm 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;Como funcionam Rolling
      Forecasts na <span class=3DGramE>pr&aacute;tica &#8211; Semin&aacute;=
rio</span>
      in&eacute;dito no Brasil&#8221; </span><span style=3D'font-size:7.5pt;
      font-family:Verdana;color:#666633'>Semin&aacute;rios executivos de 1 =
dia.<br>
      <b>Dia 17 de maio 2004, Belo Horizonte.<br>
      Dia 18 de maio 2004, Curitiba.<br>
      Dia 19 de maio 2004, Porto Alegre.<br>
      Dia 21 de maio 2004, S&atilde;o Paulo.</b> <br>
      Organizado pela Cavalcante Associados. <a
      href=3D"http://www.cavalcanteassociados.com.br/agenda/maio/rolling.ht=
m"><span
      style=3D'color:#666633'>Veja <span class=3DSpellE>agenda/fa&ccedil;a<=
/span>
      sua inscri&ccedil;&atilde;o</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;Balanced Scorecard &a=
mp;
      Beyond Budgeting&#8221; </span><span style=3D'font-size:7.5pt;font-fa=
mily:
      Verdana;color:#666633'>Semin&aacute;rio de 1 dia. <br>
      2&ordf; edi&ccedil;&atilde;o do evento ocorrido em 2003. Com
      participa&ccedil;&atilde;o de Mathias Mangels (<span class=3DSpellE>B=
SCol</span>)
      e apresenta&ccedil;&atilde;o de um estudo de caso. <br>
      <b>Dia 20 de maio 2004, no Rio de Janeiro.</b> Organizado pela Symnet=
ics.
      <a href=3D"http://www.symnetics.com.br/cursos/detalhe.asp?id=3D96"><s=
pan
      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;O fim do
      or&ccedil;amento&#8221; </span><span style=3D'font-size:7.5pt;font-fa=
mily:
      Verdana;color:#666633'>Palestra introdut&oacute;ria com caf&eacute; da
      manh&atilde;, promovida pela Anefac.<br>
      <b>Dia 25 de junho 2004, 8h00, S&atilde;o Paulo.<br>
      </b>Caso queira participar deste evento e n&atilde;o seja membro da
      Anefac, por favor <a href=3D"mailto:mail@nielspflaeging.com"><span
      style=3D'color:#666633'>entre em contato</span></a> <o:p></o:p></span=
></p>
      </td>
      <td style=3D'mso-cell-special:placeholder;border:none;padding:0cm 0cm=
 0cm 0cm'
      width=3D0><p class=3D'MsoNormal'>&nbsp;</td>
     </tr>
     <![if !supportMisalignedColumns]>
     <tr height=3D0>
      <td width=3D24 style=3D'border:none'></td>
      <td width=3D240 style=3D'border:none'></td>
      <td width=3D28 style=3D'border:none'></td>
      <td width=3D0 style=3D'border:none'></td>
     </tr>
     <![endif]>
    </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:teal;
      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>
      <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>
      <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=3D269 style=3D'width:201.5pt;background:#00B8B4;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";
      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;
      height:178.0pt'>
      <td width=3D269 valign=3Dtop style=3D'width:201.5pt;padding:0cm 0cm 0=
cm 0cm;
      height:178.0pt'>
      <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'>- Mapas Estrat&eacute;gicos. Por Robert Kaplan e David
      Norton. </span><span style=3D'font-size:7.5pt;font-family:Verdana;
      mso-fareast-font-family:"Arial Unicode MS";mso-bidi-font-family:"Aria=
l Unicode MS";
      color:#666633'>O 3&ordm; livro dos fundadores do Balanced Scorecard,
      Norton e Kaplan, rapidamente se tornou best-seller no Brasil. O livro=
 tem
      causado uma certa pol&ecirc;mica entre os leitores. Na &uacute;ltima
      newsletter, chamei o livro de &#8220;decepcionante&#8221;,
      impress&atilde;o compartilhada por alguns leitores (veja opini&otilde=
;es
      na <a href=3D"http://www.amazon.com/exec/obidos/tg/detail/-/159139134=
2"><span
      style=3D'color:#666633'>Amazon</span></a>). Mathias Mangels,
      &#8220;guru&#8221; do BSC na Am&eacute;rica Latina tem outra
      opini&atilde;o: &#8220;Neste novo livro, o objetivo foi apresentar e
      aprofundar o material de nossa pesquisa e experi&ecirc;ncia
      pr&aacute;tica no assunto Mapa Estrat&eacute;gico e n&atilde;o
      lan&ccedil;ar uma nova ferramenta. Tamb&eacute;m foi objetivo do livro
      descrever exemplos de mapas estrat&eacute;gicos: com &ecirc;nfase
      especial nas perspectivas de processos e aprendizagem &amp; crescimen=
to -
      muitas vezes mais intang&iacute;veis - que suportam a
      cria&ccedil;&atilde;o de valor das organiza&ccedil;&otilde;es.&#8221;=
 <a
      href=3D"mailto:mail@nielspflaeging.com"><span style=3D'color:#666633'=
>Se
      voc&ecirc; leu este livro, contribua para esta discuss&atilde;o!</spa=
n></a></span><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 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'>- <span class=3DSpellE>Needed</span> <span class=3DSpell=
E>like</span>
      a <span class=3DSpellE>hole</span> in <span class=3DSpellE>the</span>=
 <span
      class=3DSpellE>head</span>. Mat&eacute;ria por Simon <span class=3DSp=
ellE>Caulkin/The</span>
      <span class=3DSpellE>Observer</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;mso-bidi-font-s=
tyle:
      italic'>Mat&eacute;ria atual sobre como ficar fixado nos
      or&ccedil;amentos atrapalha o tr&acirc;nsito em cidades como Londres e
      S&atilde;o Paulo &#8211; e muito mais. <a
      href=3D"http://observer.guardian.co.uk/business/story/0,6903,1174315,=
00.html"><span
      style=3D'color:#666633'>Acesse esta mat&eacute;ria aqui!</span></a></=
span><span
      style=3D'font-size:7.5pt;font-family:Verdana;mso-fareast-font-family:=
"Arial Unicode MS";
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pan></p>
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    height:1.0pt'>
    <p class=3DMsoNormal><span style=3D'mso-fareast-font-family:"Arial Unic=
ode MS"'><o:p>&nbsp;</o:p></span></p>
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   <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;color:#CC0000=
'>Tamb&eacute;m
    nos <span class=3DSpellE>sites</span> <a
    href=3D"http://www.metamanagementgroup.com/"><span style=3D'color:#CC00=
00'>www.metamanagementgroup.com</span></a>
    e <a href=3D"http://www.bbrt.org/"><span style=3D'color:#CC0000'>www.bb=
rt.org</span></a>:
    </span></b><span style=3D'color:#CC0000'><o:p></o:p></span></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'> o nosso arquivo de slides de palestras e
      apresenta&ccedil;&otilde;es dos &uacute;ltimos meses, como os da
      palestra: &quot;Beyond Budgeting &#8211; como gerenciar melhor sem
      or&ccedil;amentos&#8221;.<br>
      As apresenta&ccedil;&otilde;es podem ser acessadas <a
      href=3D"http://www.metamanagementgroup.com/eventos.asp">aqui</a>.<br>
      <br>
      Confira tamb&eacute;m o nosso calend&aacute;rio atualizado de <a
      href=3D"http://www.metamanagementgroup.com/eventos.asp">eventos e pal=
estras
      sobre Beyond Budgeting</a> e a gest&atilde;o adaptativa de desempenho=
<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'>O que &eac=
ute;
      Beyond Budgeting? -</span></b><span style=3D'font-size:10.0pt;font-fa=
mily:
      Verdana'> </span><span style=3D'font-size:8.0pt;font-family:Verdana'>=
Confira
      uma breve apresenta&ccedil;&atilde;o do conceito Beyond Budgeting. De
      maneira bem sucinta, s&atilde;o respondidas perguntas como: &quot;O q=
ue
      &eacute; o Beyond Budgeting&quot;, &quot;O que &eacute; o Beyond
      Budgeting Round Table (BBRT)&quot; etc. <a
      href=3D"http://www.metamanagementgroup.com/infobeyondbudgeting.asp">A=
qui!</a><br>
      <br>
      Tamb&eacute;m &eacute; dispon&iacute;vel um press release que al&eacu=
te;m
      de divulgar o conceito para a imprensa e interessados em geral, prete=
nde
      acelerar o processo de funda&ccedil;&atilde;o da Mesa Redonda para o
      Brasil. Acesse o arquivo <a
      href=3D"http://www.metamanagementgroup.com/pdf/pressrelease.pdf">aqui=
.</a><o:p></o:p></span></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>
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cesse <a
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