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Bookmark or Share- Cost Cutting: Importance of Strategy, Risks Posed - InvestopediaCost cutting is a measure taken by a company to reduce its expenses and improve profitability. When a company is in financial distress or there is an economic downturn is when companies are...
- Cost Cutting That Makes You Stronger - Harvard Business ReviewIn times of economic uncertainty, many leaders turn to an old standby: cost cutting. When so much in the world feels beyond our control, costs are, to a large extent, controllable. But cutting...
- How to Cut Costs More Strategically - Harvard Business ReviewTo manage cost the right way, connect costs and strategy; think of costs in terms of capabilities; use a “zero-based” budgeting approach; make your cut sustainable; and be proactive.
- The Right — and Wrong — Ways to Cut Costs - Harvard Business ReviewWhen companies cut costs, they tend to trim spending across the board. But Cesare Mainardi, former CEO of global management consultancy Booz & Company, says that cost cutting should be a...
- Cutting costs to save your business - KPMG GlobalChallenges of cost cutting. The above sections have talked about buying yourself as much time as possible and determining how much of it your business has left. Think of it like performing triage -- you are managing issue after issue and must make decisions quickly and act decisively while under pressure.
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