tag:blogger.com,1999:blog-8648224273005275281.post3067741287683837313..comments2023-11-05T03:01:23.563-06:00Comments on Oussama's Take: Running scaredOussama's Takehttp://www.blogger.com/profile/17804888569746656075noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8648224273005275281.post-3019702553998760022009-08-30T23:10:24.295-05:002009-08-30T23:10:24.295-05:00I am not against cost cutting, I am against petty,...I am not against cost cutting, I am against petty, ineffective and disruptive cost cutting. When you empower your staff, you tap a large reservoir of creativity and create ownership and goodwill. However, I still believe cost cutting on its own is never sufficient, revenue enhancement has to be the major factor.Oussama's Takehttps://www.blogger.com/profile/17804888569746656075noreply@blogger.comtag:blogger.com,1999:blog-8648224273005275281.post-8380734969826836452009-08-30T22:29:19.579-05:002009-08-30T22:29:19.579-05:00I work for a company that went on a massive compan...I work for a company that went on a massive company-wide cost cutting drive. Thanks to that, our stock actually went up, we never had to carry out any 'mass layoffs' (though ALL our competition did), and maintained a very high cash reserves in the books.. However, 2 lessons can be learned from my experience with the organisation i work for.<br /><br />1. The business of 'cost cutting' needs creativity, a lot of it. Knee-jerk type reaction and let-cut-down-on-the-first-thing-you-think-is expensive, cause disruption and will have demoralizing reprecussions on people and staff.<br /><br />2. Communication is key. Not only it will disseminate ownership and responsibility of the status quo, it will invoke collaborative leadership among your field leaders, or AKA middle management.... and could also act as a good safety valve for those who are pretty pissed off, to simply let it out .. :)moryartihttps://www.blogger.com/profile/02947593768240856478noreply@blogger.comtag:blogger.com,1999:blog-8648224273005275281.post-59781504574622945322009-08-30T16:57:42.678-05:002009-08-30T16:57:42.678-05:00Oussama, I think I know to where you are referring...Oussama, I think I know to where you are referring !! <br /><br />You could also include companies that capitalise on senior management turnover to cut costs, leaving positions unfilled and pushing responsibility onto the remaining junior executives too soon. <br /><br />The effect is a corporate brain drain and a recipe for failure in an ever more complex, more competitive world ...https://www.blogger.com/profile/17300889295198069762noreply@blogger.com