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How to Set Zero-Based Goals

thoughtLEADERS, LLC

Use this common budgeting technique to set goals that are more relevant and actionable. When you’re setting goals, you can borrow a technique from a common budgeting process called zero-based budgeting. Every dollar you’re going to spend in the budget is justified.

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

Harvard Business Review

Zero-based budgeting is one such technique, but it is a time-consuming approach that cannot be used systematically. For more on the budget inertia that makes reanchoring necessary, see "How to put your money where your strategy is" on the McKinsey Quarterly web-site.

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

Harvard Business Review

I''m fascinated by how deftly conversations about information growth turn immediately to hand-wringing over how to store and secure it, avoiding the issue of its creation. If the prospect of tackling the legacy problem is daunting, consider another finance-inspired concept: zero-based budgeting. We know this.

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

Harvard Business Review

How companies allocate money can contribute to organizational drag by keeping nonessential work going. We recommend zero-based budgeting and planning to make the choices clearer. This is why we find a zero-based approach preferable. But it is not easy to make the tough decisions to defund.