Definition
Spreading resources, attention, or budget thinly across all initiatives rather than concentrating on priorities, ensuring mediocrity everywhere. The 'everyone gets something' strategy that guarantees nothing succeeds spectacularly.
Example Usage
We're taking a peanut butter approach to innovation funding, which means twelve underfunded projects instead of three properly resourced ones.
Origin
Popularized by former Yahoo executive Brad Garlinghouse in his famous 2006 'Peanut Butter Manifesto' memo
Fun Fact
Garlinghouse's memo warned that Yahoo's peanut butter approach was killing the company—they ignored him, and Google ate their lunch.
Source: Business strategy and resource allocation terminology
Related Terms
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See “peanut butter approach” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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