Compete or Lead: Optimizing Costs AND Drive Entrepreneurship

RapidKnowHow

Today we‘ll learn
Purpose: How to optimize costs and drive entrepreneurship
Strategy: There are three main strategies to optimize costs and drive entrepreneurship
Strategic Actions:
1) Reducing Headcounts that cuts costs in the short term but impacts the motivation of key employees in a negative way.
2) Establishing ABCosting optimises the total cost of ownership while upskilling employees in project management and entrepreneurship
3) Closing outlets would signal a strategic retreat to the competition.
Recommendation: So, our recommended strategy is: 2)Establishing ABCosting