Zero-based budgeting (ZBB) enables organizations to foster growth and increase competitive advantage through strategic cost reduction. By gaining forensic insights into consumption and spending activities, companies can identify opportunities for cost savings, freeing up capital that can then be reinvested. But making ZBB work requires more than analyzing spends and building a budget from zero. Companies that use the method to fuel growth must consider four critical areas, implementing key processes along the way. See if you can figure out what's needed to make zero-based budgeting a success.
As a showcase for the most innovative thinking on high-performance business, Outlook focuses on six core themes: Redefining Competitiveness, Digital Disruption, Global Operating Model, Open Innovation, Sustainability and Workforce of the Future. We feature original content devoted to these topics as well as a selection of unique insights offered by professionals throughout Accenture.