Often there is too much talk about cost reduction and too little planning and concentrated effort. Cost reduction is the real key to national prosperity under a rising standard of living. No concern can afford to ignore cost reduction. The competition will not do so. Money must often be spent in one place to save in another.
Cost reduction requires resourcefulness, imagination, and enthusiasm.
Success in affecting savings today merely presages extra effort tomorrow. Cost reduction leadership flows from the top down. It rarely seeps up from the bottom. Motivation Publications Free publication. Click Coaching Employees PDF to download now.