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5 Effective Strategies for General Contractors to Cut Costs

Strategy Driven

You should consider ways to reduce operational expenses. Also, you can consider the shift from in-house to cloud operations to cut overheads. You may have to send lots of emails and hammer the phones. The first step in cutting costs should begin with a complete audit of the existing expenses.

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Everybody Loves Bob – Faster Cheaper Better: The 9 Levers for Transforming How Work Gets Done

Strategy Driven

Hershman and Dr. Michael Hammer. The modern corporation that has evolved as a result consists of many specialized functional departments, such as sales, engineering, marketing, manufacturing, operations, and finance. Getting a 50,000-foot picture of our operations illustrates outdated, cumbersome, inefficient processes.

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Small Business Cash Flow Management: Why It’s Important and How to Deal With Problems

Strategy Driven

Small businesses that fail to do this can get hammered by unforeseen costs, go into steep debt, and potentially close completely. Cash flow from operations for XYZ Company. Net cash from operations. Cash flow from financing. Any movements in red represent cash going out in our example below. Net income. Additions to cash.

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Your Strategic Plans Probably Aren’t Strategic, or Even Plans

Harvard Business Review

It happens all the time: A group of managers get together at a resort for two days to hammer out a “strategic plan.” A major cause of this is that managers within these teams approach the task from their own functional-management view, e.g. finance, HR, marketing, operations. Busá Photography/Getty Images.

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Balancing Push and Pull Approaches to Improvement

Harvard Business Review

An executive in the company's finance operations adopted a Six Sigma belt-driven approach to reduce costs in the company's global shared service centers. can often have a superior attitude and be zealots with a hammer, so that everything looks like a nail. Finally, the improvement experts (and I am one!)

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My First, Failed Foray into Venture Investing

Harvard Business Review

But because we failed to hammer out exactly how we would operate (including our respective roles and responsibilities), infighting distracted from operating, cash became a concern, and the business slowly, then quickly, imploded. My husband and I lost a painful lot of money. My husband and I lost a painful lot of money.

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Designing the Machines That Will Design Strategy

Harvard Business Review

LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. It comprises a range of conceptual and analytical operations, including problem definition, signal processing, pattern recognition, abstraction and conceptualization, analysis, and prediction. Design appropriate to the aim.