A Study on the Cases of Abrupt Shifting from Conventional Budgeting to Zero Based Budgeting (ZBB) under Covid 19 Pandemic Situation in the Small Scale Packaged Food Industry and Small Scale Natural Resource Industry in India

Abstract

Zero Based Budgeting (ZBB) has replaced the Conventional Budgeting in many organizations as COVID-19 Pandemic abruptly emerged and disturbed the Conventional Budgeting and the indicative Estimates. In the case of the Small – Scale Packaged Food Industry and Small -Scale Natural Resource Industry in India had to resort to ad-hoc budgetary enhancements or reductions or / and completely shifting to Zero Based Budgeting (ZBB) in order to review and ranking of Decision Packages more efficiently under pandemic triggered uncertain business environment.