CEO in 10 presents
IS YOUR COMPANY CUTTING COSTS?
The transition to a new president and his style of leadership, along with the rapid pace of digital change, begs the question of what businesses and workers can expect in the months ahead. Added to that is the uncertainty in regions across the world including China’s rapid growth and recent slowdown, along with overall sluggish global growth.
In this environment of near-constant disruption we are seeing more companies fall into a cycle of sudden, reactive cost cutting. A recent CEO survey reveals that leaders have said uncertainty in the economic landscape is a top concern for them.
Research shows that less than 10% of companies are ready for growth. That includes a range of sectors especially those in the retail, financial services and healthcare industries. Slow growth can, at times, lead to restructuring or cost reduction, terms dreaded by employees which can have a debilitating effect on their hearts and minds.
The authors of Fit for Growth help guide companies on how to identify and address underlying cost issues that prevent profitable growth and cause some companies to fail which ultimately results in the loss of jobs. It outlines some common cost cutting mistakes and solutions to fix those issues. The book also includes details on how to build a stronger company with greater prosperity and better jobs for employees.
Dr. Deniz Caglar, co-author of Fit for Growth, is a leading practitioner of business transformation with Strategy&, PwC’s strategy consulting business.
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