When companies go through boom times, they quite naturally take their eyes off costs. But to maintain profits when revenue goes downhill, most CEOs call for cost cutting. The scalpel comes out, and while it’s necessary, it usually comes at a huge cost to employee morale.
Achieving Sustained Cost Reduction
When companies go through boom times, they quite naturally take their eyes off costs. But to maintain profits when revenue goes downhill, most CEOs call for cost cutting. The scalpel comes out, and while it’s necessary, it usually comes at a huge cost to employee morale. For example Bank of America CEO Brian Moynihan recently […]
September 26, 2011
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New!
HBR Learning
Time Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Time Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Make smarter, more purposeful choices about how you spend your day.