Airbnb, Plus Lessons from Kraft Heinz and Zero Based Budgeting

Harvard Business

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. Growth strategy Economics & Society Budgeting Audio

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

The Kini Group

You need a successful cost management strategy. However, many overlook the small hidden costs related to packaging, distributor relationship management, and ongoing logistics maintenance (including short payment terms to logistics providers). You have a ton of data to review to build a successful cost management strategy and find your biggest areas of waste. Document successes, failures, and lessons learned within your cost management strategy.

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

Harvard Business

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. While the former approach is friendlier from a change management perspective, we usually find that it leads to only incremental change. This is why we find a zero-based approach preferable.

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. That number should be zero — and briefings should happen periodically to remain up to date. Jennifer Maravillas FOR HBR.

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. Patchwork attempts to mitigate or repair our broken information management processes do not get to the core of the issue.

CFO 12

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

Harvard Business Review

It has been another long, exhausting budget meeting. In the end you raised their targets a little, but, if you're honest, you have to admit it: the budget this unit will have to deliver next year is not very different from the one they proposed at the beginning of the budget process, which in turn is not very different from the latest forecast for this year. Many management techniques attempt to overcome this challenge. Define fact-based, non-historical criteria.