The Global Knowledge Worker
TGKW Knowledge web 1-2-2023

Strategies for overcoming the downturn and maintaining a competitive advantage

Most organizations employ cost reduction strategies during recessions or depressions. However, only a handful of organizations are successful in cost optimization as a continuous exploration of business transformation opportunities that adds business value. Based on past experiences, the study reveals that cost-cutting, which is usually a short-term strategy, fails to…

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