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Zero-based Budgeting
Zero-based budgeting (ZBB) is a budgeting method that requires all expenses to be justified and approved in each new budget period. It was developed by Peter Pyhrr in the 1970s. This budgeting method analyzes an organization's needs and costs by starting from a "zero base" (meaning no funding allocation) at the beginning of every period. The intended outcome is to assess the efficient use of resources by determining if services can be provided at a lower cost. However, the saving comes at the expense of a complete restructuring every budget cycle. Although used at least partially in both government and the private sector, there is some doubt whether ZBB has ever been utilized to its fullest extent in any organization. Description The zero-based budgeting method requires all expenses to be justified and approved in each new budget period, typically each year. The method analyzes an organization's needs and costs by starting from no funding allocation (a ''zero base'') at the begi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget
A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, Liability (financial accounting), liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic planning, strategic plans of activities in measurable terms. Preparing a budget allows Company, companies, Public authority, authorities, private entities or Family, families to establish priorities and evaluate the achievement of their objectives. To achieve these goals it may be necessary to incur a Deficit spending, deficit (expenses exceed income) or, on the contrary, it may be possible to save, in which case the budget will present a Surplus (economics), surplus (income exceed expense ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jorge Paulo Lemann
Jorge Paulo Lemann (born August 26, 1939) is a Brazilian billionaire investment banker, businessman, and former tennis player with dual Brazilian and Swiss citizenship. Lemann co-founded investment firm 3G Capital, which owns brands such as Burger King, Tim Hortons, Anheuser-Busch and Heinz. He became the richest person in Brazil in March 2023, with a net worth of US$17 billion (R$86.1 billion). Early life and education In 1939, Lemann was born in Rio de Janeiro to Paul Lemann, a Swiss immigrant who founded the dairy manufacturer Leco, and Anna Yvette Truebner, a Brazilian of Swiss origin. His father died in a bus accident in 1953, when Lemann was 14. As a child, Lemann expressed aspirations of becoming an inventor, and admired Thomas Edison. He built different machines but they usually did not work out. Lemann attended the American School of Rio de Janeiro. In 1960, he received a bachelor's degree in economics from Harvard University. According to Lemann's own admission, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tesco
Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in the United Kingdom at its head offices in Welwyn Garden City, England. The company was founded by Jack Cohen (businessman), Sir Jack Cohen in Hackney, London, in 1919. In 2011, it was the third-largest retailer in the world measured by gross revenues and the Retail#Global top ten retailers, ninth-largest in the world measured by revenues. It is the market leader of groceries in the UK (where it has a market share of around 28.4%). As well as the United Kingdom, Tesco has stores in Czechia, Ireland, Slovakia, and Hungary. Since the 1960s, Tesco has Diversification (marketing strategy), diversified into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol, software, financial services, telecommunications and internet services. In the 1990s, Tesco re-positioned itself from being a downmarket high-volume low-cost retailer, attempting to attract a ran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kraft Heinz
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (), is an American multinational food company formed by the merger of Kraft Foods Group, Inc. and the H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.0 billion in annual sales as of 2021. Its sister company, Mondelez International, was split from Kraft Foods Inc. in 2012, alongside Kraft before its merger with Heinz. Mondelez holds the old Kraft Foods' snack brands while Kraft Heinz holds the grocery and food processing brands. In addition to Kraft and Heinz, over 20 other brands are part of the company's profile, including Boca Burger, Gevalia, Grey Poupon, Oscar Mayer, Philadelphia Cream Cheese, Primal Kitchen, and Wattie's, eight of which have total individual sales of over $1 billion. Kraft Heinz ranked 114th in the 2018 ''Fortune'' 500 list of the largest United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Campbell Soup Company
The Campbell's Company (doing business as Campbell's and formerly known as the Campbell Soup Company) is an American company, most closely associated with its flagship canned soup products. The classic red-and-white can design used by many Campbell's branded products has become an American icon, and its use in pop art was typified by American artist Andy Warhol's series of ''Campbell's Soup Cans'' prints. Campbell's has grown to become one of the largest processed food companies in the United States through mergers and acquisitions, with a wide variety of products under its flagship Campbell's brand as well as other brands including Pepperidge Farm, Snyder's of Hanover, V8 (beverage), V8, and Swanson. With its namesake brand Campbell's produces soups and other canned foods, baked goods, beverages, and snacks. It is headquartered in Camden, New Jersey. History Foundation and early history The company was started in 1869 by Joseph A. Campbell, a fruit merchant from Bridgeton, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondelēz International
Mondelēz International, Inc. ( ) is an American Multinational corporation, multinational confectionery, food industry, food, Holding company, holding, drink industry, beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The company had its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods, Kraft Foods Group, which 3 years later merged with Heinz to form Kraft Heinz. The name Mondelez is derived from the Latin word ("world") and ''delez'', a fanciful modification of the word "delicious." Mondelez manufactures chocolate, cookies, biscuit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accenture
Accenture plc is a global multinational professional services company originating in the United States and headquartered in Dublin, Ireland, that specializes in information technology (IT) services and management consulting. It was founded in 1989. A Fortune Global 500 company, it reported revenues of $64.9 billion in 2024. History Formation and early years Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s. The division conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky, which led to GE's installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the United States. Split from Arthur Andersen In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Société Coopérative (AWSC). Throughout the 1990s, tensions grew between the two units. Andersen Consultin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Popeyes Louisiana Kitchen
Popeyes Louisiana Kitchen, Inc. is an American multinational chain of fried chicken restaurants founded in 1972 in New Orleans and headquartered in Miami. It is currently a subsidiary of Toronto-based Restaurant Brands International. , Popeyes has 3,705 restaurants, which are located in more than 46 states and the District of Columbia, Puerto Rico, and 30 countries worldwide. About 50 locations are company-owned; the other ~98% are franchised. History Popeyes was formed in Arabi, Louisiana, a suburb of New Orleans, Louisiana, in St. Bernard Parish. It first opened its doors on June 12, 1972, as "Chicken on the Run". Owner Al Copeland (1944–2008) wanted to compete with Kentucky Fried Chicken, but his restaurant failed after several months. Copeland reopened the restaurant four days later as Popeyes Mighty Good Chicken. By 1975, the company had been renamed as Popeyes Famous Fried Chicken. Copeland started franchising his restaurant in 1976, beginning in Louisiana. The chain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kraft Foods
Kraft Foods Group, Inc. was an American food manufacturing and processing conglomerate (company), conglomerate, split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015 after merging with Heinz. The merger was arranged by Heinz owners Berkshire Hathaway and 3G Capital, was completed on July 2, 2015, forming Kraft Heinz, the fifth-largest food and beverage company in the world. History Spinoff of Kraft Foods Group from Kraft Foods Inc. In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies—a snack food company and a grocery company. On April 2, 2012, Kraft Foods Inc. announced that it had filed a Form 10 Registration Statement to the U.S. Securities and Exchange Commission, SEC to split the company into two companies to serve the "North American grocery business". On October 1, 2012, Kraft Foods Inc. spun off its North American grocery business to a new co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heinz
The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz (), is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. The company was founded by Henry J. Heinz in 1869. Heinz manufactures food products on six continents, and markets them in more than 200 countries and territories. The company claimed to have 150 number-one or number-two brands worldwide . Heinz ranked first in ketchup in the US with a market share in excess of 50%; the Ore-Ida label held 46% of the frozen potato sector in 2003. Since 1896, the company used its "57 Varieties" slogan; it was inspired by a sign advertising 21 styles of shoes, and Henry Heinz chose the number 57 even though the company then manufactured more than 60 products, because "5" was his lucky number and "7" was his wife's. In February 2013, Heinz agreed to be purchased by Berkshire Hathaway and the Brazilian investment firm 3G Capital for $23billion. On March 25, 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tim Hortons
Tim Hortons Inc., known colloquially as Tim's, Timmies, or Timmy's, is a Canadian multinational coffeehouse and restaurant chain with headquarters in Toronto; it serves coffee, Doughnut, donuts, sandwiches, Breakfast sandwich, breakfast egg muffins and other Fast food, fast-food items. It is Canada's largest Quick-service restaurant, quick-service restaurant chain, with 5,701 restaurants in 13 countries, as of . The company was founded in 1964 in Hamilton, Ontario, by Canadian ice hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009), after an initial venture in hamburger restaurants. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multi-billion dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996. The Wendy's Company merged with Tim Hortons in 1995 and operated it under their Wendy's, flagship subsidia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burger King
Burger King Corporation (BK, stylized in all caps) is an American multinational chain store, chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant chain. After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927–2018) and James McLamore (1926–1996) purchased the company in 1959. Over the next half-century, the company changed hands four times and its third set of owners, a partnership between TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, took it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in the company in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with its partner Berkshire Hathaway, eventually merged the company with the Canadian-based coffeehouse chain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
