WHITE PAPER: Strategic Cost Management

Public Sector organisations can learn a lot from the experiences of the private sector when it comes to looking for cost efficiencies and savings. A decade on, the downsizing and re-engineering initiatives - so prevalent in the early ’90s - have largely proved financially short-sighted. With hindsight, we now know that almost half of downsizing companies reported lower profits the year following their cutbacks. This fall in profitability directly equates to an equivalent reduction in service delivery performance for public sector organisations. Research found that cost-cutters struggled more than those who addressed both cost and performance together. Less than one in five cost-cutters were subsequently able to put their companies back on a performance improvement track.

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