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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Regardless of economic conditions–recession or boom–organizations must continuously sharpen their competitive edge. This can be achieved through Lean Management principles focused on Cost Reduction, specifically targeting the elimination of non-value-added (NVA) activities or waste within… Eliminate Non-Value Added Activities in Your Organization
The impact of unforeseen crises—such as economic depressions, natural disasters, and black swan events (i.e. the recent COVID-19 pandemic—is immense. Crises can paralyze organizations and economies alike. These times are certainly anything but business as… Forecasting Uncertainty
A question faced by many business leaders in today’s dynamic, uncertain, and changing business environment is: Is our organization “Fit for Growth?” In most cases, unfortunately, the answer to this question is “no.” Reasons include… Fit for Growth
Business Transformations have become a necessity in the fast-changing technological and competitive business environment. Transformation is characterized by significant and risk-laden Restructuring of a company, with the objective of accomplishing Operational Excellence and changing its… 5 Critical Success Factors for Successful Business Transformation
Cost-based Pricing is fast becoming a relic of the past and being substituted by the concept of Target Costing. Target Costing is referred to as an organized process to determine the cost at which a… Target Costing: An Effective Approach to Pricing Products
The entire world is facing the same crisis right now. As of the morning of April 2nd, there are close to 1MM Coronavirus cases worldwide, of which 75% are active cases. For almost all countries,… To Survive COVID-19, We Need to Manage the 3 Cs – Costs, Capital, and Cash Flow
Cost Optimization Programs are hard to manage, sustain, and often tend to fall short of delivering the promised value. The failure could be attributed to many reasons—including lack of clearly delineated objectives, failure to account… Strategic Cost Reduction Primer: A Systematic Approach to Transforming Costs
This is a guide to navigating Flevy to find the documents and other resources you need related to Business Operations. “Operations” is a broad, vague term. It can convey a lot of different meanings to different people.… Flevy’s Definitive Guide to Operations
Managing and reducing costs is a critical for any organization’s survival. It’s a prerequisite for staying competitive. Below are 5 frameworks used by management consulting firms specializing in Cost Management. They cover initiatives that range… Effectively Controlling Your Business’s Costs? 5 Frameworks on Cost Management