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Managing Costs the Smart Way

A review of the main cost management drivers.

Publisher: Oliver Wyman Journal, n°25, automne 2008

Date of publication: 2008

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In this article, the authors review the main cost management drivers. Starting from the observation that many cost reduction programs produce disappointing results in the long term, they analyze classic sources of failure and the traps to avoid. Although this article was originally written for the banking sector, the principles described will be useful to managers in any industry.

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