Cost cutting that makes you stronger: How the most resilient companies position themselves to grow
By: Couto, V. Leinwand, P and Subramanian S
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Material type: 
BookPublisher: Harvard Business Review Description: 10(4), Jul-Aug, 2023: p.42-47.Subject(s): Corporate turnarounds , Cost control, Enterprises Redressement
In:
Harvard Business ReviewSummary: When so much in the world feels beyond our control, costs are to a large extent controllable. But cutting them to drive short-term savings is a mistake. When companies take a one-off approach to cost cutting, they often sacrifice some of their most important investments. If cost-cutting programs are implemented in haste, little (if any) debate over the strategic intent of investments takes place. To the contrary, leaders typically dole out across-the-board targets, leaving organizations weaker, imbalanced, disjointed, and in some cases desperate and without direction. In this article the authors identify five keys to ensuring that companies build an efficient, effective culture around costs that works in both good times and bad.- Reproduced
https://hbr.org/2023/07/cost-cutting-that-makes-you-stronger
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 10(4), Jul-Aug, 2023: p.42-47 | Available | AR130186 |
When so much in the world feels beyond our control, costs are to a large extent controllable. But cutting them to drive short-term savings is a mistake. When companies take a one-off approach to cost cutting, they often sacrifice some of their most important investments. If cost-cutting programs are implemented in haste, little (if any) debate over the strategic intent of investments takes place. To the contrary, leaders typically dole out across-the-board targets, leaving organizations weaker, imbalanced, disjointed, and in some cases desperate and without direction. In this article the authors identify five keys to ensuring that companies build an efficient, effective culture around costs that works in both good times and bad.- Reproduced
https://hbr.org/2023/07/cost-cutting-that-makes-you-stronger
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