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What are the most effective cost-cutting measures that you would like small and medium sized companies to implement ?

As longer term recession is looming large, companies need to focus on cutting costs and not employees. Please put in your suggestions for collective learning.

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Brainstorm Info
Creator:ajaysanghani
Created:over 10 years ago
Activity:over 2 years ago
Users:7
Ideas:9
Brainstorming Tips: Focus on generating a high quantity of ideas. Don't judge ideas. Invite other people to add ideas.
New Idea: 500 Characters Left
 
9.
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8.
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7.
EARN Rs 50,000 TO 150,000/ MONTH (POWERFUL BUSINESS IDEA) - LOW INVESTMENT HIGH RETURNS, INVEST IN PRACTICAL EDUCATION PROJECT, WE HAVE STARTED AMERICA/JAPAN EDUCATION SYSTEM IN INDIA, A New Concept of Education, WE ARE PROVIDING PRACTICAL EDUCATION, GET A FRANCHISEE OF PRACTICAL EDUCATION AND ROBOTICS INSTITUTE, IAR - INSTITUTE OF ADVANCED ROBOTICS,SEARCHING FOR FRANCHISEE PARTNER ALL OVER INDIA, E -MAIL- iardehradun@gmail.com, CALL: 8755222935, www.starkindustries.in, facebook - https://www.fa
6.
EARN Rs 50,000 TO 150,000/ MONTH (POWERFUL BUSINESS IDEA) -- LOW INVESTMENT HIGH RETURNS, INVEST IN PRACTICAL EDUCATION PROJECT,GET A FRANCHISEE OF PRACTICAL EDUCATION AND ROBOTICS INSTITUTE, WE HAVE STARTED AMERICA/JAPAN EDUCATION SYSTEM IN INDIA,HIGH RETURNS ON INVESTMENT A New Concept of Education, WE ARE PROVIDING PRACTICAL EDUCATION, IAR - INSTITUTE OF ADVANCED ROBOTICS,SEARCHING FOR FRANCHISEE PARTNER ALL OVER INDIA, E -MAIL- iardehradun@gmail.com, CALL: 8755222935, www.starkindustries.in,
5.
My name is William David ,I am working With A VETERINARY COMPANY based in, London UK.I got your contact during my comprehensive search for a reliable and trustworthy individual/company in your country.I decided to contact you for a business with my company.The company I work with is into manufacturing of VETERINARY MEDICINES. The company procures most of their raw materials from India,There is a chemical which the company used to send me to buy from India.contact me id:wd2110369@gmail.com
4.
Do zero based budgeting where every cost has to be explained and alternatives looked at to increase effectiveness without incurring cost.
3.
Reassess your market/profit potential and downsize
2.
Offer more vacation, but disallow employees the option of carrying the vacation over year-to-year. This forces people to take vacations, which reduces the vacation liability on the balance sheet. It also increases productivity and creativity since time away from work is renewing of the spirit.
1.
Offer variable pay to employees based on performance of individual and company