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Are You Suffering from Cost Management Fatigue?

Do you constantly work on cost-cutting initiatives that don’t provide any value or insight to push growth in your organization? If the answer is yes, you may be suffering from cost management fatigue. The main reason companies struggle with this is because they tend to make across the board cost cuts that are not connected to their strategy. Most organizations wait until they have a problem to act, at which point they don’t have time to make the right trade-offs for the long term. Cost management should support your strategy but if you aren’t directing your spending to the right places, then you are missing opportunities to grow.

Read More at The Harvard Business Review >