budget-sec18B_6

budget-sec18B_6 - Cost Control Strategies: William J. Ward,...

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Unformatted text preview: Cost Control Strategies: William J. Ward, Jr., MBA 1 Section B Attacking Spending Levels 2 Attacking Spending Levels Fixed vs. variable expenses Two broad categories Two perspectives Strategic implications Maximization and/or Optimization Strategies Mission Revenue Expenses Profits Survival Strategies Growth Strategies Control Strategies (Volume, Price, Col ections) 3 Operational Strategic Staff Stuff Attacking Spending Levels 4 Operational Strategic Staff Stuff Attacking Spending Levels 5 Attacking Spending Levels Be far sighted (strategic thinking) Remember the 80/20 rule Two basic approaches Participative Centralized Maximization and/or Optimization Strategies Mission Revenue Expenses Profits Survival Strategies Growth Strategies Control Strategies (Volume, Price, Col ections) 6 The Participative Approach Understand current spending level Maximization and/or Optimization Strategies Mission Revenue Expenses Profits Survival Strategies Growth Strategies Control Strategies (Volume, Price, Col ections) Cost Control Strategies:...
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budget-sec18B_6 - Cost Control Strategies: William J. Ward,...

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