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DESCRIPTION
Cost Optimization Programs are often hard to manage, sustain, and tend to fail to deliver the promised value. This failure is attributed to many reasons—including lack of clearly delineated objectives, not taking into account the operational difficulties, internal resistance to change, trying to cut corners from everywhere rather than planning optimal utilization of resources; lack of direction, accountability, and management agreement.
Disruption offers new opportunities for innovation, eliminating complexities, transforming the strategy and cost disciplines, and streamlining operational capabilities.
This presentation talks about a 5-phased approach that helps businesses focus on optimizing costs to sustain competitive relevance and exploit their full potential. The phases include:
1. Start with the Corporate Strategy
2. Align Costs with Strategy
3. Be Transformational and Aspirational
4. Demonstrate Leadership Support
5. Create a Culture of Cost Management
The slide deck also includes some slide templates for you to use in your own business presentations.
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Source: Best Practices in Cost Reduction, Cost Management PowerPoint Slides: Strategic Cost Reduction Primer PowerPoint (PPT) Presentation, LearnPPT
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OVERVIEW
(PPT)
ABOUT THE AUTHOR
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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Cost Reduction Assessment M&A (Mergers & Acquisitions) Target Operating Model Strategic Sourcing Virtual Teams Business Case Development Financial Modeling Value Chain Analysis Feedback Soft Skills Change Management Agile Local Culture
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