Maeil Business Newspaper

Innovate from zero-base; reinvest savings in new growth drivers

The theory of zero-based budgeting emerged in the 1970s.

By Junghoon Lee, Lindsay Park

First published on setembro 08, 2017
min read


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. (Full article only available in Korean)

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.

(Full article only available in Korean)

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