A credible strategy for transforming and managing costs, comprehensively communicated within the business, should help to clarify what’s needed to succeed in the face of competition – the external market perspective.
Internally, the business needs a platform that’s fit to execute the cost transformation and management strategy. It’s vital for leaders to carefully consider how to support, enable and motivate their people to secure the right capabilities, competencies and capacity to deliver strategic objectives efficiently and effectively.
Tool : McKinsey