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Strategic Cost Reduction: Good vs. Bad Costs (PowerPoint PPT)
PowerPoint (PPT) 23 Slides FlevyPro Document
DESCRIPTION
Disruption is causing opportunities for some players and threats for the others. In fact, disruption was considered one the most significant concerns by the CEOs in a PwC 2016 global survey, owing to low yields and stringent regulations. A significant percentage (70%) of the leaders in the survey were planning to implement a Cost Reduction initiative. But in the wake of massively disruptive marketplace, marginal efficiency savings aren't sufficient to survive let alone thrive.
The emphasis of this presentation is on Strategic Cost Reduction to help organizations plan to deliver ways to get closer to the customers, become more lean and agile, and spur innovative in responding to their customers' needs. This entails focusing their resources towards Strategic Cost Reduction by stimulating growth and creating differential advantage.
This slide deck discusses the following topics related to Strategic Cost Reduction: Good Costs vs. Bad Costs, the 10X Differential Concept, Market Disruption, as well as a detailed Cost Analysis of the Insurance industry.
The slide deck also includes some slide templates for you to use in your own business presentations.
This presentation delves into the nuances of Strategic Cost Reduction, distinguishing between good and bad costs to optimize resource allocation. It emphasizes the importance of directing investments towards growth-driving activities while eliminating inefficiencies. The PPT includes a comprehensive analysis of the insurance industry, highlighting how technological advancements can streamline operations and reduce costs.
The slide deck also provides practical templates to aid in your cost reduction initiatives. It covers key questions to consider when aligning costs with corporate strategy and offers insights into leveraging external partnerships effectively. This resource is essential for leaders aiming to achieve a competitive edge through strategic cost management.
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Source: Best Practices in Cost Reduction, Cost Management PowerPoint Slides: Strategic Cost Reduction: Good vs. Bad Costs PowerPoint (PPT) Presentation, PPT Lab
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