Your culture can make cost savings last
How does it affect you?
Today’s consumer products CEOs are not solely interested in reducing the immediate bottom line.
If cost reduction efforts cannot be sustained, companies will lose investor confidence.
They are also interested in strategic solutions that drive long-term enterprise value.
Effective, sustained cost reductions release resources to fund growth and expansion plans. They can also often improve quality and alignment with strategy.
However, sustainable cost efforts require not only the support of the CEO, but also the employees.
Cost reduction measures need to receive employee buy-in to provide sustainable value. If cost reduction efforts cannot be sustained, companies will lose the availability of precious internal resources and the investor confidence that supports the company’s market capitalization.
Companies looking to make sustainable cost-effi ciency moves face a predictable infl ection point, defi ned by cultural acceptance