Fit for Growth: A Guide to Strategic Cost Cutting, Restructuring, and Renewal

Synopsis

Fit For Growth Will Describe How Ceos And Senior Executives Can Restructure And Manage Their Organizations' Cost Performance To Ensure Sustained Profitable Growth, Offering Practical Ideas, Lessons Learned, And Examples From Strategy&'s Hundreds Of Client Examples. Lessons Include: How To Achieve The Twin Goals Of Investing In Growth While At The Same Time Reducing Cost Where Necessary. Transforming Without Harming The Organization And Disrupting Performance. Ensure The Changes Are Fundamental And Sustainable, Vs. Momentary. Inspire Your People And Encourage Ownership Of The Changes, Even Though They May Be Painful And Difficult? Transform In A Way That Creates A Lasting Competitive Advantage? Fit For Growth Presents A Strategic Approach To Continuous And Holistic Performance Transformation That Connects Strategy With Choices About Cost Management, Capability Development, And Organizational And Cultural Evolution, Helping Companies Achieve Deliver Sustainable And Reliable Performance. Introduction And Fit For Growth Overview: Do You Need To Cut To Grow? -- Becoming Fit For Growth -- The Restructuring And Renewal Journey -- The Leader's Role -- Aligning Costs With Strategy. How To Cut Costs And Grow Stronger -- A Manager's Guide: Levers Of Cost Reduction -- What, Where And How -- Portfolio Rationalization -- Decide What Business You Should Be In -- Zero-basing -- Justify What To Keep, Not What To Kill -- Aligning The Operating Model -- Redefine Where Critical Work Gets Done -- Outsourcing -- Let External Providers Generate Value For You -- Footprint Optimization -- Rethink Your Operations And Overhead Locations -- Process Excellence -- Simplify Work And Minimize Bureaucracy -- Spans And Layers -- Flatten And Empower The Organization -- Strategic Supply Management -- Extract More Value From Your Purchases -- Digitization -- Make Technology A Game Changer. Coping With Cost Restructuring -- How To Manage And Sustain The Change: Running A Cost Transformation -- Mobilizing, Scaling, And Sustaining -- Morale, Emotions, And Expectations -- Leading During A Restructuring -- The Human Element -- Getting People Ready, Willing, And Able To Change -- Staying Fit For Growth. Vinay Couto, John Plansky, Deniz Caglar. Includes Bibliographical References And Index.