Cost Cutting is very important in a slow down but at the same time, one has to ask oneself are you cutting down costs or are you cutting down your muscle, your strengths.
Right Sizing is important. Are you cutting down the non- productive people, or are you cutting the non-political people?
Are you cutting people or are you cutting the wastage in the processes?
Is your efficiency increasing or are you just increasing the stress on the current people?
Are you firing people in a way that leaves the existing people searching for their jobs, even when you wanted to retain some of those key people.
System and Processes fine tuning and powerful implementation is important for sustained growth right now and over time.
For guidelines on cost control and recession management, talk to us: