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.
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- Bayer'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...
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