Zero-Based Budgeting has been in the press for all the wrong reasons lately. Kraft Heinz have reported a $15billion write-down after a focus on cost cutting, primarily using the Zero-Based Budgeting technique, resulted in the business taking its attention away from their customers.
To improve customer service, business usually tried to do more. But what about trying to do less?
Good corporate governance is fundamental to the effective working of the modern free enterprise system. We need to have at least a degree of trust in the people looking after our money, whether we're customers, investors or employees waiting for our next salary payment. Without that, the whole system would collapse.
The importance of teamwork to running a successful business and how tiny differences can compound over time to make a business into a world-beater.
Most people, if they're asked whether billionaires pay their fair share of tax, answer with an emphatic "no!" But whatever your views of billionaires might be, it's fair to say that some pay a lot more tax than others.
Wonder if your accountant, Finance Director or CFO is up to date with modern commercial realities? These three tests might help you decide.
Factories are great places for imaginative nicknames...I used to work with someone who was known as "The Abominable No-Man". That probably tells you all you need to know about his positive attitude to life and his communications skills.
I've long taken the view that music can teach us everything we need to know about business...but to give myself an extra challenge, I thought I'd forget the rest of the band for a change and focus solely on the drummer.
No sooner have we hung up the new year's calendar on our office walls than all those magazine articles and social media posts come out exhorting us to set ambitious goals so that we "crush it" (ugh) during the course of the coming year.
Being a Finance Director or CFO means you spend a lot of your time working out what people's targets should be, tracking their performance against those targets, and reporting any under-performance. While there are some intellectual challenges to the target setting process, those are generally within the control of the Finance Director or CFO as … Continue reading We should fire him for not hitting his targets…or should we?