In today's global management environment, cost constraints, rationalizations and reductions are becoming more prevalent and even inevitable. Although many businesses are prospering, the majority are still facing pressures to improve profitability and generate more cash flow. There are two ways to achieve this - increase income or cut costs. Cost control skills of business owners or heads and managers are being put to a severe test. The ability to demonstrate strong cost management behavior is becoming much more imperative, often under time pressure to deliver results. A pragmatic attitude towards costs and knowing where to find savings quickly are essential.

At the end of this half-day seminar, participants will:

  • Understand what costs are
  • Realize the impact of costs on profitability
  • Develop a cost-management mindset
  • Learn to apply cost-cutting measures
 

WHAT YOU WILL LEARN

  • What are Costs?
  • The 10 Guiding Principles of Cost Reduction
  • The Cost Burden
  • 30 Cost-Cutting Alternatives
  • Cost Management Mindset