Zero-base budgeting comes of age : what it is and what it takes to make it work / Logan M. Cheek

By: Cheek, Logan M [author]Material type: TextTextPublication details: New York : Amacom, c1977Description: xii, 314 pages : illustrations ; 24 cmISBN: 0814454429Subject(s): BUDGETING | FINANCIAL MANAGEMENTLOC classification: HF 5550 .C44 1977
Contents:
1. Understanding the Zero-Base Approach -- 2. Getting Your Zero-Base Budgeting Act Together -- 3. Ranking for Decision Making -- 4. Applying Zero-Base Budgeting to Planning Problems -- 5. Selling the Concept and the Ideas It Generates -- 6. Fostering Innovation -- 7. Top Management's Role -- 8. Overcoming Common Concerns -- 9. A Final Word.
Summary: Zero-base budgeting requires the manager to break up his annual budget into understandable prices called "decision packages". In each he outlines what he wants to do, how he proposes to do it, other ways of doing it, how much it will cost, how it will benefit the organization and what will happen if it is not done. The packages are tied to long-range objectives and ranked up to the level of affordability. Zero-base budgeting is an effective management technique. Key success factors include 1) linking the process to long-range objectives; 2) gaining the support, involvement and commitment of top management; 3) generating imagination by cost center managers; and 4) selling the concept and ideas it brings to the surface. Roles and successful implementations of the budgeting technique are discussed.
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Item type Current library Home library Collection Shelving location Call number Copy number Status Date due Barcode
Books Books LRC - Annex
National University - Manila
Financial Management Relegation Room GC HF 5550 .C44 1977 (Browse shelf (Opens below)) c.1 Deselected NULIB000000997

Includes bibliographical references and index.

1. Understanding the Zero-Base Approach -- 2. Getting Your Zero-Base Budgeting Act Together -- 3. Ranking for Decision Making -- 4. Applying Zero-Base Budgeting to Planning Problems -- 5. Selling the Concept and the Ideas It Generates -- 6. Fostering Innovation -- 7. Top Management's Role -- 8. Overcoming Common Concerns -- 9. A Final Word.

Zero-base budgeting requires the manager to break up his annual budget into understandable prices called "decision packages". In each he outlines what he wants to do, how he proposes to do it, other ways of doing it, how much it will cost, how it will benefit the organization and what will happen if it is not done. The packages are tied to long-range objectives and ranked up to the level of affordability. Zero-base budgeting is an effective management technique. Key success factors include 1) linking the process to long-range objectives; 2) gaining the support, involvement and commitment of top management; 3) generating imagination by cost center managers; and 4) selling the concept and ideas it brings to the surface. Roles and successful implementations of the budgeting technique are discussed.

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