Strategic Cost Reduction 2nd Edition

by Tim McCormick and Dermot Duff

In the teeth of global recession, reducing costs is vital for survival. In a crisis, cost reduction is a priority, and businesses may need to cut many costs to restore their health. Unfortunately, cost cutting is sometimes undertaken carelessly, and may cut a corporate artery, or is performed so persistently that it can lead to a ‘death by a thousand cuts’ and closure.

Strategic Cost Reduction 2nd Edition 		<p>In the teeth of global recession, reducing costs is vital for survival. In a   crisis, cost reduction is a priority, and businesses may need to cut many costs   to restore their health. Unfortunately, cost cutting is sometimes undertaken   carelessly, and may cut a corporate artery, or is performed so persistently that   it can lead to a ‘death by a thousand cuts’ and closure.</p>




Strategic Cost Reduction 2nd Edition


Format: Paperback
ISBN: 978-1-908199-34-8


Quantity:   €26.99 (£22.35)  


More about this book

Strategic Cost Reduction takes a holistic approach to cost reduction, placing it in a wider strategic framework. Based on the experience of leading practitioners, it outlines the key tools available for, and potential pitfalls in, implementing sustainable change. It is aimed at managers, and their advisors, embarking on major cost reduction programmes. While written from an Irish base, where cost competitiveness poses particularly severe challenges for both business and Government, its messages are global.

The first edition of the book received widespread critical acclaim for its practical approach and clarity of vision. For example:

“This is an excellent practical guide on a vital topic confronting most businesses.”

Dr Philip Nolan, Chairman, John Laing plc

“Cost reduction is part and parcel of how modern companies operate. This book gives not only good advice, but also the necessary context. A very useful read.”

Frank O’Regan, Global Vice-President, Bausch and Lomb

This second enlarged edition expands on the material included in the first edition with a greater international focus. In particular, it emphasises implementation issues and includes many more examples, including two new chapters dealing with the causes of business failure and implementing the cost-reduction plan with illustrations from financial services and the public sector.

More details about the book or alternative ways to purchase.

About the author

Tim McCormick has worked in the field of financial training since 1990. Prior to this, he spent 17 years in investment banking. He obtained an MBA from INSEAD in France, qualified as a Chartered Accountant with KPMG in London and graduated with a primary degree in Economics from Trinity College Dublin.

Dermot Duff is Executive Learning Director at the Irish Management Institute and specialises in the strategic development of entrepreneurial organisations. Dermot was previously Transformation Manager with Digital, Engineering Manager with Alcatel in Holland, Engineering Supervisor with Storage Technology, CPT and HiTech. He began his career as an Oil Exploration Engineer in Africa & the Middle East, and holds a B.E. (Eng) from University College Dublin and a M.Sc. (Mngt) from Trinity College Dublin

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