Making cost savings real and making them stick
Published on:
Apr 13, 2016
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Everyone knows the Canadian economy is going through hard times. The price of oil is low, the dollar is low – and, understandably, spirits are sometimes low, too. But now is not a time for despair. The challenges of a low-growth environment and weakened financial performance call for a whole range of strategies, and cost reduction remains among the most common and effective – provided it's done right.
Our latest paper – Cost Reduction: Bridging the gap – outlines a three-stage approach to help companies identify and eliminate costs in a way that maximizes the actual realized savings and bridges the significant gap to initial targets that many companies encounter.
