Category Archives: Organisational change
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How to prepare simple, effective cost management reports (part 2)
Posted on September 22, 2011 by hudgeon in Cost management program, Organisational change, TipThe Cost Reduction Tip Tip #21 provided an overview of the company we are looking to prepare cost management reports for. To summarise, ABC Services provide software and consulting in the facilities management sector have one office in Sydney and another in Melbourne the bulk of their revenue comes from the sale of asset management software [...]
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How to identify cost reduction opportunities
Posted on September 7, 2011 by hudgeon in Organisational change, Processes, TipThe Cost Reduction Tip Certain problems when you first look at them seem intractable. But once you understand their natural fracture lines, breaking them up and solving them is actually quite easy. Most business process problems fall into this category and cost reduction problems are no exception. The natural fracture line for cost reduction opportunities [...]
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How to avoid the most common cause of outsourcing failure
Posted on August 31, 2011 by hudgeon in Organisational changeThe Cost Reduction Tip [amazon asin=0064431622&template=thumbnail] In the Eric Carle children’s story, The Mixed Up Chameleon, a chameleon attempts to become the perfect animal by adopting the best parts of different animals e.g. an elephant’s trunk, a giraffe’s long neck etc. At the end of the book, he’s so mixed up that he cannot catch flies for [...]
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Change your processes before implementing new software
Posted on August 23, 2011 by hudgeon in Organisational change, Technology, TipThe Cost Reduction Tip The success rate of software implementations is woefully low. There are lots of reasons for it ranging from overselling by vendors, overspecing by customers, lack of consultation with stakeholders, under-resourcing the implementation team, etc. But in my view, much of the source of failure comes from unnecessarily bundling high risk process [...]
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Fix core problems
Posted on August 13, 2011 by hudgeon in Cost management program, Organisational change, TipThe Cost Reduction Tip Some problems just need to be fixed, regardless of cost. Last year, near our apartment in South Delhi, maintenance workers spent more than two months resurfacing our road. Every fortnight thereafter (and possible continuing to this day), a sinkhole would appear in the road and a roadwork crew would come and [...]
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Create a high profile internal team to identify best practices and embed a cost conscious culture
Posted on August 8, 2011 by hudgeon in Cost management program, Organisational change, TipThe Cost Reduction Tip In this tip I discuss embedding a cost conscious culture where you have a number of comparable operating units. Examples include retail banks or multi-site operations such as a national insurance brokerages, consulting firms, law firms, or logistics providers. Where you have the multiple operating units, you have the opportunity to [...]
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Assign clear personal responsibility for each cost line to a single individual
Posted on August 5, 2011 by hudgeon in Cost management program, Organisational change, TipThe Cost Reduction Tip As I’ve planned my upcoming tips, I’ve been pondering which tip will be the most important. I now think this is it. You cannot reduce cost in your organisation unless you assign a single person the task of, and regularly hold them to account for, improving each cost line – and if [...]
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Build a cost-conscious culture in your organisation
Posted on August 1, 2011 by hudgeon in Organisational change, TipThe Cost Reduction Tip Building a cost conscious culture in your organisation is the most important tip I’ll deliver in this series of posts. If you can create a cost conscious culture in your organisation then you’re pretty much done and dusted. Nothing else you do will cut costs more. Recently, I spent the better [...]
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