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A Manager's Guide to Creative Cost Cutting 1st Edition
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From the Back Cover
Make cost reduction and control a top-to-bottom imperative!
181 Market-Tested Strategies from Wal-Mart, Intel, GE, and Other Cost-Efficient Market Leaders
Cut-costs-at-all-costs is today's competitive mantra. But while trimming payroll is often the first place companies turn, layoffs can be disruptive and damaging--and frequently end up costing more than they save! A Manager's Guide to Creative Cost Cutting details 181 methods that companies can use to trim costs in virtually every area. Many are easy-to-implement quick fixes, and all are designed to allow a company to realize long-term competitive advantage instead of mere short-term cost reductions.
Written for managers at every organizational level, this straight-talking guidebook is filled with proven techniques, including:
- Methods for reducing Internet charges while speeding connectivity
- Tough questions to ask before committing to a new project
- Six Sigma processes to control frustrating--and expensive--quality defects
In today's highly competitive business world, cost cutting is more than just a suggestion; it's a necessity. Let A Manager's Guide to Creative Cost Cutting introduce you to an arsenal of cost-control weapons you can implement today and in the future to reduce expenses, expand profits, and improve shareholder value at every level of your organization.
About the Author
David W. Young is professor of accounting and control at Boston University's School of Management and a principal in The Crimson Group, Inc., specialists in customized in-house management education programs.
Top Customer Reviews
I have a feeling this book was written for owners and managers of existing businesses with costs already in place that need to be cut. I read this book as an entrepreneur about ready to start a business and what I learned from it was ways to strategize operations so spending is NEVER wasteful.
Great book, and a must read for any entrepreneur who wants to build a great company.
With the various economic shocks that the world is subjected to, one typical target for cost cutting is reducing the workforce. This short-sighted approach to cost cutting not only causes a lot of human suffering but seldom achieves the intended objective of reducing costs in the long-run. David Young proposes a creative approach that focuses on uncovering hidden costs and reducing or eliminating them. The techniques to overcome the 21 common cost-reduction prohibitors appear to be workable and can be overcome. David Young gives some practical examples that enhance understanding of the cost cutting concepts that the author is proposing.
I found the book to be terrific and it helped me in my on-going cost-cutting efforts making them more creative and innovative. It enabled me uncover areas that costs were hidden, helping me to realise substantial cost savings.
The book is required reading for all managers tasked with the responsibility to cut costs and build profits in any department.