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Tagged: Budgeting

Building a Risk Culture

Posted on October 1, 2014 by F.A.I.T.H. Resources Finance & Accounting · Analytics · Budgeting · Financial Planning

Building a strong risk culture entails educating up and down and interchangeable roles to achieve organizational goals and objectives. Warren Buffett states, “Culture, Not Rules, Determines Organizational Behavior” (2011). A robust risk culture equates to a sustained competitive advantage as a company must address protecting the safety and security of employees and guests/products, drive operational and financial efficiencies, preserve brand reputation, and proactive risk planning and response. Additionally, changing risk culture and behaviors involves reinforcement and monitoring. Therefore, today’s risk practitioner is a key strategic business and industry, embodying a broad-based operational perspective.

In summer of 2012 David joined California Pizza Kitchen (CPK) as Senior Director of Risk Management, implementing and directing enterprise/strategic risk management program after several years of an operational risk management only department function. Oversees policy and procedure development and implementations for all corporate insurance program exposures,

This presentation can also be viewed at ieondemand.com

Heinz Implementing Zero Based Budgeting

Posted on August 27, 2014 by F.A.I.T.H. Resources Finance & Accounting · Analytics · Budgeting · Financial Planning

Zero Based Budgeting (ZBB) is more than just a cost cutting exercise. In its purest form it is about introducing a culture of ownership across the organisation where individuals are asked act and think like owners of the company – treating every dollar as if it were their own  3G Capital have successfully implemented ZBB in a variety of different companies and have increased margins to such a level that they outstrip their peers by a considerable distance. In this presentation you will be taken through the concepts of ZBB, how to engage you organisation to successfully implement ZBB and some of the mistakes to avoid.

Chris Winter is currently the Europe Zone Lead for Zero Based Budgeting (ZBB) and Capex at Heinz, the well-known food manufacturer of Beans, Soups and Tomato Ketchup.   Heinz was recently taken over by 3G Capital and Berkshire Hathaway and Chris has been charged with bringing ZBB into Heinz Europe. Chris has worked at Heinz for 13 years and has held roles in FP&A, Financial Reporting, Demand Planning and Commercial Finance.  Prior to working at Heinz Chris Worked at British Airways for 3 years implementing a European Shared Service Centre.

This presentation can also be viewed at ieondemand.com

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