Is brushing teeth daily , a strategy or best practice or an intervention ? Its basic hygiene.
Cost management in businesses is similar. You don't look at costs just when revenues are flattening/ growth is slowing or when pricing power is reduced in the market place.
Managing to be a lean/mean cost operation is to be in everyone's DNA irrespective of topline issues.
In the same way, it should not be ignored when you have scorching growth rates and bumper profits.
Keeping costs as variable ( to the revenues) as possible, hawkish watching of cost spikes /exceptions, revenue leakages, pricing controls, Year on Year cost base reductions --- all part of the hygiene!
While doing this , keep in mind that cost control does not increase revenues.
Subscribe to:
Post Comments (Atom)
AI searches for human intelligence , to beat
With all the hype about AI taking over humans and humans worried about their precious skills/role in this world risk getting diminished, l...
-
( This is the updated post , thanks to what I learned from his friends/colleagues during his one year death anniversary) As some of you mi...
-
Should you be a jack of all of the master of one? A successful enterprise needs both. But as usual , there are risks in both. Core skill me...
-
"When you are searching for honey , you must expect to be stung by bees!" Honey is sweeter when it the path to get it is tougher...
No comments:
Post a Comment