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