Top-Down Approach to Cutting Costs and Generating Cash

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As signs point toward recovery, companies need cash on hand to facilitate a rebound from the recession.  And for some that means continuing to cut costs.  Here's an instructive video from Knowledge@Wharton in which experts from Wharton and The Boston Consulting Group advocate a top-down approach to streamlining.  This advice seems to run counter to advice we have posted from other experts, who advise getting employee participation in cost cutting strategies.  Take a look:


Posted 09-30-2009 10:15 AM by Graham Griffith
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