Why Businesses Should Shift from Cost Management to Cost Leadership

We propose that business executives and finance leaders embrace the evolution from cost management to cost leadership. Cost leadership is reflected in a culture that, independent of macroeconomic circumstances, pursues a low cost, high-quality, customer-centric approach to managing the business. Cost leadership is characterized by four primary criteria:
(1) recognition as the lowest cost producer in one’s industry, without compromise in quality or customer focus; … [ Read more ]