COST
REDUCTION MYTHS |
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technology always cuts costs |
Information
Technology is the best department to take lead in
the cost cutting effort |
Main reason to
cut costs is to meet quarterly earning estimates |
The CEO or the
General Manager needs to bring in Consultants |
It is better
to cut cost slowly |
The fair way
to downsize is to layoff people based on seniority |
Hold off
reducing costs because business will come back |
Attempting to
motivate employees while cutting cost is a futile
effort |
Short term
cost cutting can be divorced from long term effects |
Our employees
have no reason to cooperate in cost reduction |
It is
impossible to get collaboration between various
departments |
Culture has
nothing to do with cost reduction |
Cost cutting
does not require change management |
Cost cutting
demotivates employees |
Cost cutting
always adversely effects quality and service |