October 15, 2009

Cost Reduction

The budget was prepared for a short-term cash drain but some acquisitions can become more of a long-term hemorrhage.

Controlling costs comes down to one thing—speed! Most cost overruns are the result of indecision and unclear planning which lead to a dragging out of the time involved for the transition. Redundant systems continue to operate separately, redundant positions continue to be filled, and on and on.