How zero-based budgeting system most significantly impacted

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Problem

Northstar Manufacturing implemented zero-based budgeting (ZBB) two years ago, replacing their traditional incremental budgeting approach. Under the new system, department managers must justify all expenses from zero for each budget cycle. The CFO has collected data showing that administrative costs have decreased by 15%, and several legacy programs have been eliminated. However, employee surveys indicate increased stress and time spent on budgeting activities. Some department heads complain that they spend so much time justifying expenses that they have less time for strategic initiatives and team development. Get the instant assignment help. Based on the scenario, how has the zero-based budgeting system most significantly impacted Northstar Manufacturing's organizational performance?

Reference no: EM133975305

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