article thumbnail

Airbnb, Plus Lessons from Kraft Heinz and Zero Based Budgeting

Harvard Business Review

Youngme, Felix, and Mihir debate how well Airbnb is managing growth amid backlash from cities like New York City. They also discuss Kraft Heinz’s controversial zero-based budgeting approach to management.

article thumbnail

Can You "Re-Anchor" Your Next Budget Meeting?

Harvard Business Review

It has been another long, exhausting budget meeting. Many management techniques attempt to overcome this challenge. Zero-based budgeting is one such technique, but it is a time-consuming approach that cannot be used systematically. Define fact-based, non-historical criteria.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Can't a CIO Be More Like a CFO?

Harvard Business Review

Because no one is managing the store. At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. They fulfill this role by delegating responsibility and establishing control systems such as budgets, directives, audits, and oversight to drive fiscal compliance.

CIO 8
article thumbnail

All Boards Need a Technology Expert

Harvard Business Review

Executive directors are usually selected for their leadership qualities; they often have experience with generalized management or leadership experience rather than narrow expertise or technical acumen. It’s often focused on the competitive environment — used to reassure management that it is not falling behind rivals.

article thumbnail

Your Organization Wastes Time. Here’s How to Fix It.

Harvard Business Review

Organizations waste too much time - see how Bain helps them manage it like money in this 10-minute video slide deck. reset the budgets. Reset the Budgets. We recommend zero-based budgeting and planning to make the choices clearer. This is why we find a zero-based approach preferable.