Generating Great Results through ZBB

Abstract

Have you ever looked at your income statement and felt that over time, despite all your efforts, your operational results continue a downward trend? Several drivers might be behind this—but it might be a good idea to consider your costs and expenses, since there is a significant chance they are what is affecting your results. If that is the case, a Zero-Based Budgeting (ZBB) approach could be a good method to boost your results and help you regain some of your lost profitability. ZBB is a budgeting technique in which expenses must be redefined for each new cycle instead of using the previous period as a reference.