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

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

Harvard Business

Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. reset the budgets. redesign the operating model. These proliferating operations lead to complexity, which contributes to drag as well as costs that rob resources from better and potentially more-profitable ideas.

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. If you don’t have lower costs than your competitors, or at least have lower costs than your average competitor, you’re dead in the water.