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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
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