Books Everyone Must Read: Book Fourteen
Book: A Manager's Guide to Creative Cost Cutting
Author: David W. Young
“A Penny Saved is a Penny Earned”
Whenever in an organization the Word “Cost Cutting” is heard, Employees feel like lambs before a wolf. Totally Terrified & Confused. A bitter & naked truth, in India, for most of the organizations “Cost Cutting” is synonyms of “Head Count Cutting”.
I read many books on Cost Cutting & Cost Control. This is one of the best books, I am referring today.
Many people will get shocked that there are also other ways of reducing cost other than laying off employees. Yes There are. 181 ways described in book divided in 3 parts and 9 chapters. Some traditional methods and some new approaches. Cost Cutting in an organization is not as easy as negotiation by housewife with a vegetable seller. It is a combination of Art & Science. It is very important to understand limits of cost cutting. Which types of cost, when, how and within what limits ? at the same time, there are some costs which can’t be cut. You will also learn, How to use resources upto maximum extent. How to deal with hidden or unexpected costs. How little changes in processes/technology can save money ? How to balance debt and assets ?
Keep Reading. Keep Growing. Thanks.
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