Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business

Zero-based budgeting (ZBB) is elegantly logical: Expenses must be justified for each new budget period based on demonstrable needs and costs, as opposed to the more common method of using last year’s budget as your starting point, then adjusting up or down. One might conclude from such failures that implementing zero-based budgeting is simply too ambitious. Budgeting Costs Digital Article

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. Business Toolkit Leadership Strategy Training

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

Harvard Business

reset the budgets. Recent analysis by Bain found that the biggest biopharma value creators are category leaders, and those that combine their category leadership with portfolio focus within their categories deliver annual total shareholder returns more than twice those of companies that are diversified followers. Reset the Budgets. We recommend zero-based budgeting and planning to make the choices clearer.

7 No-Fail Ways to Build a Successful Cost Management Strategy

The Kini Group

Frameworks like Zero Base Budgeting can also provide detailed analysis and deep visibility into costs that typically fly under the radar. Many managers don’t like to review their operations and budgets too closely. Unfortunately, if you want to cut costs, you’ve got to put fresh eyes on your budget. Leadership plays a vital role in this attitude and should reward responsible and sustainable cost cuts.

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. Using Moore’s Law , zero-based budgeting would call for technology spending to fall each year by about 30%; in most companies spending goes up by at least 5% each year. Jennifer Maravillas FOR HBR.