The Strategic Way to Reduce Costs - Ben's Take
A rapid 8 to 12% cut saving for any organisation will always cause pain, disruption and people loss however there are the right ways of going about this challenge (strategic approach) and there is the wrong way of tackling this problem (tactical approach). This week on The Better Business Analysis Institute (BBAI) I have given my take on how the public service (or any business) should go about saving money without sacrificing your services and reducing more staff than you need to. This episode explores proven strategies to reduce costs while keeping your staff informed and valued. We'll dive into high-impact approaches like strategic portfolio management and process improvement. Learn how to optimise resources and leverage technology without resorting to mass layoffs. Join us as we explore ways to achieve cost savings with a people-centric approach! P.S If you need help with this process then we recommend Optified #publicservice #costcutting #leadership #teameffectiveness