Executives in many industries are facing an ever increasing number of crossroads. With an unstable global economy, highly volatile oil prices, innovation and disruption lurching around the corner many are facing to the necessity of optimising their costs base to remain competitive – the challenge is obvious.
However, while cost optimisation is necessary, overly aggressive actions can backfire, undercutting your company’s long-term performance and sustainability and ultimately cutting too deep can lead to a significantly increased risk profile.
To avoid the pitfalls of cost cutting, it is important to apply a balanced approach to cost reduction. Meaning; balancing direct cost cutting with indirect efforts such as contract renegotiations, auditing third-party contracts for compliance, build organisational cost awareness, Joint venture cost dialogues, diligent management of extended workforce and focus on production efficiencies,… the list of is long.
Case studies – The do’s and dont’s of cost reduction programmes
How to organise and manage a cost out programme
Workstream identification and organisation
Group sessions – working on cases from own business/organisation
External lecture from subject matter expert
Embedding a cost conscious mindset in an organisation
Breakfast and lunch all days
Who should attend
Anyone facing the challenge of bringing a strategy to life
Anyone who would like to improve their capabilities in Strategy Execution
Anyone with an interest in the Do’s and Dont’s of strategy execution