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  • Key Elements of Cost Reduction Strategy

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    Ravindra Mahansaria
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    The document outlines a cost reduction strategy with five key elements: setting aggressive cost reduction targets to ensure competitiveness, building commitment from executives and managers to execute and sustain reductions, streamlining the organization to strengthen it for growth, aligning compensation with the market to ensure fair rewards, and redesigning processes to integrate and sustain reductions.

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    Key Elements of Cost Reduction Strategy

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    Cost Reduction Strategy

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    The document outlines a cost reduction strategy with five key elements: setting aggressive cost reduction targets to ensure competitiveness, building commitment from executives and managers to execute and sustain reductions, streamlining the organization to strengthen it for growth, aligning compensation with the market to ensure fair rewards, and redesigning processes to integrate and sustain reductions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Key Elements of Cost Reduction Strategy

    Uploaded by

    Ravindra Mahansaria
    The document outlines a cost reduction strategy with five key elements: setting aggressive cost reduction targets to ensure competitiveness, building commitment from executives and managers to execute and sustain reductions, streamlining the organization to strengthen it for growth, aligning compensation with the market to ensure fair rewards, and redesigning processes to integrate and sustain reductions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Key Elements of Cost Reduction Strategy Setting aggressive cost reduction targetsto ensure the company would be competitive

    itive under different industry scenarios. Building commitment from executives and frontline managersto execute and sustain cost-reduction measures Streamlining the organizationto strengthen it for future growth Aligning compensation with market levelsto ensure people felt fairly rewarded edesigning critical processesto integrate and sustain the cost reductions

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