Rooting Out Costs in All the Right Places
- VOLUME X, ISSUE 1
- Executive Insights
This issue discusses four common traps managers sometimes fall into when initiating a cost reduction program. To avoid these pitfalls, L.E.K. Consulting recommends pursuing a process we have implemented at a number of companies. The examples profiled are best demonstrated practices which reinforce that cost-cutting can be instrumental in creating shareholder value.