Maeil Business Newspaper
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Every company plans budgeting each year. Many base the next year’s budgeting on the previous year, but recently ‘ZBB’ (zero-based budgeting) is attracting attention. The theory of ZBB, approaching budgeting from zero-base and determining the budget need for each cost ítem, emerged in the 1970s. With recent successes outside Korea, many companies are keen on understanding its real benefits.
First published in settembre 2017