It is not unusual for business methodologies to go in and out of style. Times change, and companies must continually adapt. But the fundamental imperative of keeping costs down—and allocating resources to maximum effect—remains a first principle. Advanced understandings of human behavior, dramatic improvements in digital tools, and an ever-growing body of empirical evidence for budgetary success sustained over time is leading many companies to take a fresh look at Zero Based Budgeting. Chances are, they will like what they see.
More on this very good article from McKinsey can be found HERE.
