Don’t Wait for a Crisis to Reduce Costs

Leaders who take a hard, holistic look across their cost base will find opportunities to reposition their companies for future growth. But they must act boldly and decisively to achieve a competitive cost position. In this article, the authors discuss five critical actions that CEOs and other executives can take to tackle cost challenges. Collectively, these measures help organizations sustain efficiency and redirect resources to invest in innovation, promote growth, and capture value.