Improve Your Ability to Manage Costs
Manage your cost structure to create Economies of Scale while offering good value to Core customers. This activity identifies the gap you have to close in your financial performance. It looks at the advantages or disadvantages that you have with visible costs compared to your lower cost competitors. The changes you make to improve your products and services should improve your mix of customers. This closes part of your financial gap. The remaining steps in the activity help you quantify and improve Productivity and Economies of Scale.
Cost management activities in Step 30 of the Basic Strategy Guide presents several thousand cost management concepts and examples to use for your brainstorming on new ideas.
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