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Youngme, Felix, and Mihir debate how well Airbnb is managing growth amid backlash from cities like New York City. They also discuss Kraft Heinz’s controversial zero-basedbudgeting approach to management.
Organizations waste too much time - see how Bain helps them manage it like money in this 10-minute video slide deck. We recommend zero-basedbudgeting and planning to make the choices clearer. This is why we find a zero-based approach preferable. Related Video. Your Scarcest Resource.
Many management techniques attempt to overcome this challenge. Zero-basedbudgeting is one such technique, but it is a time-consuming approach that cannot be used systematically. Another approach is to ask the "what would it take" question: for example, "What would it take to double that rate of growth?
Because no one is managing the store. At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. They fulfill this role by delegating responsibility and establishing control systems such as budgets, directives, audits, and oversight to drive fiscal compliance.
Executive directors are usually selected for their leadership qualities; they often have experience with generalized management or leadership experience rather than narrow expertise or technical acumen. It’s often focused on the competitive environment — used to reassure management that it is not falling behind rivals.
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