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Do You Set Zero-Based Goals for Yourself?

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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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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Airbnb, Plus Lessons from Kraft Heinz and Zero Based Budgeting

Harvard Business Review

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

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

Harvard Business Review

We recommend zero-based budgeting and planning to make the choices clearer. This also helps get over the dilemma that companies often face when they are making cuts: Should they eliminate the work and then reduce the budgets that allowed these costs, or should they shrink the budgets to squeeze out the unnecessary work?

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All Boards Need a Technology Expert

Harvard Business Review

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. That number should be zero — and briefings should happen periodically to remain up to date. Ask tough questions about technology spending.

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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.