Achieving sustainable cost reduction is a critical business objective, especially in the current environment. The near-term economic outlook is bleak, with the IMF projecting the world's worst economic downturn since the Great Depression of the 1930s. At a time when most businesses are likely to see deteriorating market conditions and declining revenue, re-balancing the cost base to reflect the new operating environment could be the difference between riding out the current crisis or becoming another business casualty.
This fantastic paper from the team at Zenith Strategy Associates covers:
- Why cost reduction programs typically fail
- How to set targets for re-adjusting your costs
- Ways to identify opportunities to improve
- Ensuring the delivery of those objectives