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  • Top-Down Approach to Cutting Costs and Generating Cash
  • To Cut Costs Without Cutting Services, Start in the Back Office

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  • Top-Down Approach to Cutting Costs and Generating Cash

    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:
    Published 09-30-2009 10:15 AM by Graham Griffith
    Filed under: management, Wharton, cutting costs, efficiencies, The Boston Consulting Group, cash, streamlining
  • To Cut Costs Without Cutting Services, Start in the Back Office

    Amanda Mesler , CEO of the IT oustourcing firm Logica North America , says that when it comes time to cut costs, managers need to look internally. Mesler says to avoid cutting anything that has to do with the business's relationship with customers, and instead figure out how to reduce expenditures "back office first." At her company, they went to employees and challenged them to help figure out how to cut costs without reducing services for customers. Get employees to recognize that they benefit from the growth of the company, and then they will get involved in finding solutions. Mesler explains in this BigThink video:
    Published 07-30-2009 7:38 AM by Graham Griffith
    Filed under: Logica, Amanda Mesler, recession leadership, managing through a downturn, cutting costs
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