The corporate growth is largely influenced or determined by two key factors viz., revenue generation and cost/resource management or optimization. Certain departments or functions like sales, marketi… The corporate growth is largely influenced or determined by two key factors viz., revenue generation and cost/resource management or optimization. Certain departments or functions like sales, marketing or other allied functions largely generate revenue for most organizations. Only when the revenue is generated, any organization can grow and expand further. Other functions like HR, R&D, Accounts and Finance etc., although exist in most organization as ‘consumers’ but has great responsibility in saving the cost wherever possible. These ‘cost cut masters; also can contribute to the bottom line of the organization. The corporate must sensitize all the functions to ensure and be innovative in saving the cost without cutting the corners or quality. Only together with all, any corporate can march towards growth and success. But who should ensure or train people to think in the above direction, the HR or CEO or the Entrepreneur? Every function and every employee irrespective of their designation or salary must exercise cost saving approach in the organization. Nature is practicing the above cost saving or resource saving… Read full this story
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