http://ecopreneurist.com/2009/02/25/a-counterintuitive-strategy-for-ecopreneurs-during-a-recession/ Green & Sustainable Business Ventures: For Entrepreneurs & Investors Thu, 24 May 2012 14:45:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://ecopreneurist.com/2009/02/25/a-counterintuitive-strategy-for-ecopreneurs-during-a-recession/comment-page-1/#comment-15499 Jennifer Kaplan Wed, 25 Feb 2009 21:36:52 +0000 http://ecopreneurist.com/?p=1354#comment-15499 Great post! Every company needs mechanisms to save money and control costs. Even if we weren't in a recession, we should be looking to cut costs since a $100 reduction in spending translates roughly into $300 increase in revenues. This is why, in hard times, companies turn to cost cutting measures such as layoffs and product quality reductions. However, most experts agree that these kinds of short-term tactics do not create long term value or long term savings. On the other hand, reassessing what and how you spend and engaging your staff in the process are viable long term strategies for companies seeking to create long term, sustainable value. Great post! Every company needs mechanisms to save money and control costs. Even if we weren’t in a recession, we should be looking to cut costs since a $100 reduction in spending translates roughly into $300 increase in revenues. This is why, in hard times, companies turn to cost cutting measures such as layoffs and product quality reductions. However, most experts agree that these kinds of short-term tactics do not create long term value or long term savings. On the other hand, reassessing what and how you spend and engaging your staff in the process are viable long term strategies for companies seeking to create long term, sustainable value.

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