Managing Overhead Costs
Executives often treat cost reduction programs as one-time efforts to compensate for a bad quarter or a delayed product launch. These short-term programs tend to fizzle out quickly when leaders lose interest or a return to healthy sales growth frees them from cost constraints. But rising competitive pressures should compel companies to manage their overhead costs in a more rigorous and ongoing way that entails … [ Read more ]
Content: Article | Authors: Oliver Wright, Robert L. Rosiello, Suzanne P. Nimocks | Source: “McKinsey Quarterly” | Subject: Management