Enabling growth with cost transformation and operational improvement
Is your company ready to tackle the intense challenges that business faces today?
Managing our costs efficiently and achieving saving have become more and more important for a commercial success and stable growth today, in a time when we face shift in client and investor expectations as well as lackluster global economic growth, trade wars and digital transformation.
This transformation may look easy, but only a few companies are able to successfully manage this process. Most companies either focus on unproductive investments or cut down on the competencies that provide a company with a competitive edge and differentiate it from its competitors.
According to the Fit For Growth Index Survey, carried out by Strategy&, a part of the PwC network:
- 81% of top executives use their time for something other than company strategy,
- 66% allocate too much of their budget to lower priority issues,
- 49% reduce costs to respond to external factors, rather than growth culture.
Our Fit for Growth* approach is a proven model for unlocking performance that helps companies manage their cost in a more strategic way, allowing them to cut costs and grow stronger at the same time.
Briefly, the Fit For Growth approach involves the following steps:
- Companies should focus on competencies that provide them with a competitive edge,
- They should align their costs and investments with these competencies,
- They should reorganise for growth.
Please visit our global website to learn more about Fit for Growth approach
Strategy&’s Fit For Growth book assesses company costs from the strategic point of view, and discusses in detail how companies can align investments that drive growth with their strategy. The book has quickly become the top executives’ reference guide worldwide, and we have seen that the approach, developed by Strategy& and provided in the book, has helped them achieve success in several industries, from financial services to FMCG, has helped global leaders achieve success and has provided solid financial benefits.
