COST CUTTING STRATEGIES

on Monday, 09 November 2015.

COST CUTTING STRATEGIES

The global financial crisis has made cost management the biggest priority for most organizations. However, decisions to cut costs can be made too quickly and end up destabilizing the business in the long term, making it unable to meet strategic objectives. The organizations that get it right are those that try to strike a balance between having a competitive cost structure, implementing an effective strategy and investing in the future.

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