The secrets of extraordinary low-cost operators: They focus on more than efficiency and process improvements. (Record no. 529699)
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| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
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| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Hout, Thomas |
| 245 ## - TITLE STATEMENT | |
| Title | The secrets of extraordinary low-cost operators: They focus on more than efficiency and process improvements. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Hayward Business Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 103(2), Mar-Apr, 2025: p.126-135 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | There’s a misconception that becoming a low-cost leader in an industry can be achieved by implementing one-off programs aimed at efficiency improvement and waste reduction. But the reality is much different. The author has spent decades studying how extraordinary low-cost organizations differ from their competitors, and he distills what he has learned in this article. Companies that have enjoyed sustained low-cost positions have unique leadership styles and cultures. Their CEOs, for instance, share some notable characteristics: respect for people, a long-term commitment to the organization, a preference for decentralized decision-¬making, and a zeal for making change happen. Low-cost exemplars also take a distinctive approach to the design and execution of their operating systems. They eliminate long-standing industry barriers to lower costs; ensure that product design and process design reinforce each other; develop original multipurpose technologies that connect the company to the customer and reduce cost; and use cycle time and variance as a management tool. The article offers executives three questions to ask to assess their company’s prospects for becoming the low-cost leader in their industry.- Reproduced https://hbr.org/2025/03/the-secrets-of-extraordinary-low-cost-operators |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Hayward Business Review |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
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| Indian Institute of Public Administration | Indian Institute of Public Administration | 2025-05-06 | 103(2), Mar-Apr, 2025: p.126-135 | AR135602 | 2025-05-06 | Articles |