article thumbnail

Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business Review

ZBB has been around for decades, but is currently enjoying a revival driven by powerful investors like 3G Capital Partners, the force behind the 2015 merger of Kraft Foods and H.J. In another company, commercial discounts was essentially a black box for the finance chief and CEO.

article thumbnail

How Banks Can Compete Against an Army of Fintech Startups

Harvard Business Review

As JPMorgan Chase’s CEO, Jamie Dimon, warned in a June 2015 letter to the bank’s shareholders, “Silicon Valley is coming.” These low-cost and reliable sources of funds are from taxpayer-insured deposits and the Federal Reserve’s discount window. Sometimes David can triumph over Goliath.

Banking 12
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Companies Collect Competitive Intelligence, but Don’t Use It

Harvard Business Review

Yet no one asks: which of the information purchased at high cost from the outside army of research vendors and consultants was ignored, missed, discounted, filtered or simply not used correctly? What Did Peter Drucker Really Say? Peter Drucker is often quoted as coming up with the managerial bromide, “What gets measured gets managed.”

article thumbnail

New Ways to Minimize Financial Concerns that Erode Employee Performance

Strategy Driven

Roughly half report that the two aspects of employee performance most negatively affected by personal finances are stress and the ability to focus on work (50% and 47%, respectively). Copyright 2007-2015 by StrategyDriven Enterprises, LLC. About the Author. Dan Macklin is a co-founder and vice president at SoFi. About SoFi.

article thumbnail

Is Your Supply Chain Ready for the Congestion Crisis?

Harvard Business Review

For instance, the average transit times to move containers from the ports of Los Angeles and Long Beach to Chicago grew from 84 hours at the end of 2004 to 120 hours by early 2015. Longer supply chains also increase inventory levels and carrying costs related to financing and warehousing. Insight Center. The Future of Operations.

article thumbnail

Global Companies Need to Adopt Agile Pricing in Emerging Markets

Harvard Business Review

of those in these markets said that currency volatility posed the greatest material risk to their pricing strategy during 2014 and 2015. For example, the Russian ruble depreciated from being 37 rubles to the dollar in September 2014, to being close to 70 rubles to the dollar in January 2015. That can have disastrous consequences.

Price 8
article thumbnail

The H-1B Visa Debate, Explained

Harvard Business Review

It has benefited the tech industry enormously, and other sectors, including health care, science, and finance, have also used it to fill gaps in their workforces. ” (A bill was introduced in 2015 to raise the cap and liberalize other rules around H-1Bs, but died in Congress.) But in April, just after U.S. born engineers.