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Cost Reduction is a Team Sport.

No matter the size of your organization, driving change must be a team effort. Even if YOU believe a cause is worth your effort, unless you gain the support of others, you'll be fighting an uphill battle.

However, when you have a team on your side helping to promote, enforce, and drive that change; you will see results. To reach goals and achieve success, everyone — and we mean everyone — needs to be on board.

Everyone is Accountable for the Success of a Change

Cost reduction has always been a team sport. No one person, whether it be the CEO or a manager, can do the job alone. It's not just up to the Finance department to control business costs when every person in the organization is contributing to them in some way, shape, or form. Every employee in every role needs to be accountable for keeping costs at a minimum.

There are several strategies you can use to enhance cost saving initiatives. One that's particularly effective, especially in telecom and IT, is to reduce, reuse, and recycle!

Cost Reduction Strategies