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DOCUMENT 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: Strategic Cost Reduction Primer PowerPoint document

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Strategic Cost Reduction Primer

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This business document is categorized under:

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File Type: PowerPoint (ppt)

Tag(s): Cost Reduction Cost Management

Number of Slides: 25 (includes cover, transition slides)

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Upload date (first version): Apr 1, 2019

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