Paul Cichocki: Zero-Based Budgeting

Companies that want to cut costs typically focus on line items on their income statements or more targeted initiatives. However, those approaches might not be enough for companies in industries undergoing disruptive change. For those organizations, zero-based budgeting offers a way to reconsider a company's entire cost structure and align resources with long-term strategies, says Paul Cichocki, who leads Bain's Performance Improvement practice in the Americas.

Read the Bain Brief: Radical redesign through zero-based budgeting