Explain zero based budgeting, Strategic Management

Assignment Help:

Q. Explain Zero based budgeting?

Zero based budgeting (ZBB) is a method of budgeting, which requires each cost element within the budget to be specifically justified as though it was being under taken for the very first time, without approval, the budget allowance would be zero. Therefore each cost, every period, must be 'justified' before it can be included in the budget, and employees are encouraged to find alternative ways of accomplishing the same thing but for less money.

Related Discussions:- Explain zero based budgeting

How market has influenced the forms and content of the media, 1. The develo...

1. The development of the mass media has been shaped in fundamental ways by the fact that they have often been profit-driven. The commercial or capitalist context of media is evide

In a cost/benefit analysis, Payback period = total cost of investment / est...

Payback period = total cost of investment / estimated annual revenue

Managerial decision analysis, A transport company must collect and deliver ...

A transport company must collect and deliver loads from and to various locations along a straight road (call it the x -axis). The truck must start and end each day at the origin (t

Initiate organizing campaign for technical employees union, 1) Company A wa...

1) Company A wants to discourage unionization through the United Technical Workers of America. True or False: In order to do so, it can initiate an organizing campaign for the Tech

What do you mean by dividend cover, Q. What do you mean by Dividend cover? ...

Q. What do you mean by Dividend cover? Dividend cover Dividend cover = Profit available to ordinary shareholders (PAT) / Annual dividend (no. of times) Or = EPS/Divi

Sm0492 - strategy and change in the global environment, 1. Using Macro & M...

1. Using Macro & Micro frameworks analyse and evaluate the external environment of your organisation from the perspective of the external context within which it operates. Summar

Decision making process, In management strategic decision making involves g...

In management strategic decision making involves great complexity, uncertainty and risk. Describe the strategic decision making process and consider the effects of bounded rationa

Data mining is about, Finding trends and connections in data to inform comp...

Finding trends and connections in data to inform competitive strategy

Technical infrastructure , 1 - Develop a plan for an e-strategy that make...

1 - Develop a plan for an e-strategy that make sure an organisation retains its competitive benefit in a global market. 2 - Specify the technical infrastructure needed in an

Managing value based management, Q. Managing value based management? ...

Q. Managing value based management? Strategic selection of projects that create high shareholder wealth. Resource allocation and funding should have a recognised oppor

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages