Get the Metrics Right
Many less-successful companies approach cost reduction with blinders on. They may look at only one part of the P&L, such as general and administrative (G&A) expenses. Or they may confine their efforts to individual business units. They fail to view the business as a whole, often because they rely on metrics that reflect part of the business rather than the entire P&L.
Consider an Asian telecom … [ Read more ]
Author: Peter Guarraia | Source: Sustained cost transformation: Delivering savings that stick | Original Publication: Bain | Subject: Management