Cost Control

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Saving Money Through Structured Problem-Solving

  • Research Feature
  • Read Time: 6 min 

As busy as they are, leaders need to find ways to observe fundamental work processes in their organizations. When they do, they usually discover that there are gaps between theory and reality in how works get done. Michael Morales’ experience — in which identifying and addressing such gaps led to his company saving $50,000 in just 60 days — is a case in point.

Randy Bean

Big Data Fatigue?

Some people suggest that the concept of “big data” is nearing the end of its fifteen minutes of fame. They couldn’t be more wrong — because big data isn’t just about managing social media, unstructured data or massive data sets. It is an approach to data and analytics that finds new ways of looking at information — and it’s here to stay.

Innovating during a downturn

  • Blog

In the last 12 months, “innovation has become more important, not less,” according to innovation expert Vijay Govindarajan.

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Lowering the cost of innovation

  • Blog

Michael Schrage of the MIT Center for Digital Business sees inexpensive digital business experiments as a form of “innovation risk management.”

Cutting costs strategically

  • Blog

Need to lower costs? Think about “re-featuring” your product, suggests Scott D. Anthony of Innosight.

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More companies seek creative alternatives to layoffs

  • Blog

In this downturn, some companies are trying cost-cutting measures such as reducing workweeks, offering or requiring unpaid time off, or cutting executive compensation.

Creative responses to the downturn

  • Blog

While layoffs make headlines, some companies are finding creative ways to respond to the recession.

Does Corporate Governance Matter?

There comes a time when corporate governance has little influence over performance, because competitive forces cut away at management fat. That’s according to researchers at New York University’s Leonard N. Stern School of Business, who studied the performance of companies before and after 30 anti-takeover laws were passed in different states between 1985 and 1991.

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