#Immediacy on speech making

It is not enough to reduce costs you have to keep them ...

It is not enough to reduce costs you have to keep them reduced. The opening paragraphs of this section describe how inefficiencies creep into any business, no matter how efficient it was to start. The greatest ally of this insidious deterioration is complacency, the attitude that 'it couldn't happen in my business'. It happens in every business, because the only way to stop it completely is to spend much more on controls and investigations than you save in improved efficiency. The object of cost reduction, therefore, is to find the right balance, so that with a modest but highly effective effort you achieve the highest practicable savings.

Most firms find that this balance is best achieved by a combination of regular controls daily/weekly/monthly and a booster cost-reduction campaign every 2-3 years. The cost controls themselves should be periodically examined say, six-monthly.

to make sure that they are still necessary, effective, and being prepared in the most efficient manner. At the same time, ask yourself whether any new cost elements have arisen which are not covered by controls but should be.

Staff co-operation Regardless of your management style, the results of your campaign will be limited unless you get positive cooperation from at least some of your staff passive obedience is not enough. When you ask for information on a particular activity, you can be misled if no one points out that, due to some quirk in the website-keeping system, the nominal figures are incomplete, since some of the costs are recorded elsewhere. Alternatively, the nominal figures may include some costs belonging to a different activity.

Because of the processing time, many businesses use different bases for allocation to a particular month, manufacturing output date of completion sales invoice date account received date of payment. Consequently, the totals for a specific month do not refer to the same articles. You may not be aware of these and similar discrepancies unless they are pointed out to you.

Of course, you cannot treat your staff for this campaign in a manner quite different from your normal behaviour; that would ring false and probably confuse them.

It is doubtful too if you could sustain such artificial behaviour for ...

It is doubtful too if you could sustain such artificial behaviour for any length of time If you are normally on friendly terms with your staff, then no prob... read more

lf you announce that there may be compulsory redundancy, you may get ...

lf you announce that there may be compulsory redundancy, you may get less co-operation in your study.

But if you have previously had good staff relations a... read more

Is there any equipment you could acquire which would reduce the number ...

Is there any equipment you could acquire which would reduce the number of men you need? Can you build up semi-finished stocks in advance so that less work has to be done during the pe