A 2009 survey by Booz & Co received responses from 155 senior executives at Fortune 500 companies and revealed that cost containment and revenue growth opportunities were being missed and traditional cost-containment measures were falling short. Of the respondents: 1. 92% cited constantly changing objectives due to unstable economic conditions were a major challenge to achieving cost-reduction goals. 2. 40% of companies surveyed were focussed on cost reduction alone, and most senior managers had...

BPIR Categories

11.1.4 Manage cash flow
11.1.5 Manage financial risk

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