The Agile Cost Advantage - Position your business for success in the post Covid-19 environment
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Originally published: 17/05/2020 21:17
Publication number: ELQ-41655-1
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The Agile Cost Advantage - Position your business for success in the post Covid-19 environment

A strategic cost reduction framework for businesses

Description
Achieving rapid and sustainable cost reduction is a critical business objective, especially in the current environment. At a time when most businesses are likely to see deteriorating market conditions and declining revenue, rebalancing the cost base to reflect the new operating environment could be the difference between riding out the current crisis or becoming another business casualty.

The Agile Cost Advantage is the culmination of 20 years' of working with business leaders on cost reduction. Based on this experience, we have distilled our insights into the Agile Cost Advantage. This is a four stage approach to cost reduction, which introduces a systematic approach to the overall delivery of cost reduction programs and eliminates common causes of program failure.

When a cost reduction program is designed well, with a focus on eliminating the hidden costs within the organisation through operational changes and simplification of decision-making processes, the benefits can be significant. A lower cost base improves cash flow and increases the capacity of the business to fund new strategic initiatives or expansions into new markets. Businesses that implement the Agile Cost Advantage benefit from a nimbler, more agile organisation, able to respond rapidly to new opportunities or changes in the market environment.

You can find out more about our agile cost advantage services at this link:
https://www.zenithstrategy.com/insights/agile-cost-advantage

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