Comment on Bayer's CEO said budgets represent the worst of corporate bureaucracy. He decided to turn the process on its head.

Bayer's CEO said budgets represent the worst of corporate bureaucracy. He decided to turn the process on its head.

Bayer CEO Bill Anderson talked to Business Insider about how he manages the company in 90-day cycles.picture alliance/dpa/Getty ImagesBayer's CEO overhauled his corporate budget system with 90-day cycles in an effort to reduce bureaucracy.Bill Anderson said the inspiration came from a "radical experiment" at Genentech to kill budgets.Bayer also reorganizes teams every 90 days and has cut 5,500 positions, many of which were managers.The annual budget process can be a parade of lengthy meetings and red tape — so one CEO decided to try something different.Since becoming CEO at Bayer, Bill Anderson has introduced a set of striking changes to the company, including an overhaul of its budget system, which he sees as the driving source of corporate bureaucracy."We all know that the belly of the beast of bureaucracy is the budget process, right," Anderson said in an interview with Business Insider.

 

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