In times of recession, finances are very important. Cash is critical and profit is of utmost importance. Companies will make many decisions based on financial considerations. Do not forget customers and employees. Management needs the intelligence, innovation and dedication of its employees if it is to survive a recession or even grow during it. And remember that this recession will end. The companies that prosper later will be those that were honest with their employees during difficult times.
You have to know:
- That is essential to reduce costs, but represents only one component among all that should be considered in the organization, for example, must always take care performance costs and expenses without compromising business productivity, product quality and services and customer satisfaction.
- Companies have sought to survive the cost structure and react to the price set by the market. Undoubtedly, the costs can not be eliminated, but adequate administration can be achieved convert fixed costs into variable and controllable. This causes the companies seeking to proactively make decisions regarding their management costs, to differentiate themselves from their competitors. They can and should improve the quality, productivity, profitability, lead times, manufacturing time while the industrial safety and occupational safety while reducing costs