Tag: StrategicCostManagement
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Strategic Cost Cutting in a Downturn: Where to Trim and Where to Invest
This article was co-written with Anush Naghshineh, Jenny Tsao, and David Turner. Introduction: The Danger of Sweeping Cuts During an Inflationary Downturn When the economy slows, unemployment rises, and prices increase, many companies often resort to making sweeping budget cuts. However, this broad and formulaic approach can undermine your competitive capability when you need it…