A Quote by Heidi Roizen
I can't tell you how many board meetings I've been in where the CEO is anguished over the impacts on morale that cost cutting or layoffs will bring about. You know what hurts morale even more than cost-cutting and layoffs? Going out of business.
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If you really want to kill morale, have layoffs every two months for the next two years.
The first set of questions to ask yourself when you're doing cost cutting is relatively straightforward, which is, you know, can you use the necessity of cost cutting as an opportunity to do pruning or trimming for projects that aren't being as successful? But, you know, frequently those are the easy ones. I mean, there's always some kind of social costs internal to the company, but that's the easy way of looking at the future.
Obamacare has got everyone on edge. I mean, small business - men and women or big business are sitting out there saying we have no idea what this is going to cost, but we know it's going to cost us and cost us a lot.
Vague promises of savings from cutting waste, enhancing prevention and wellness, installing electronic medical records and improving quality are merely ‘lipstick’ cost control, more for show and public relations than for true change... Savings will require changing how doctors think about their patients: Doctors take the Hippocratic Oath too seriously, “as an imperative to do everything for the patient regardless of the cost or effects on others.
You know, even people who talk about cutting spending and they go 'That's not the spending that I was actually talking about that you're supposed to be cutting.' Well, we have to be looking across the board.
This will be one of my most important elements. When I talk cost cutting, I do for so many different departments where the money is pouring and they don't even know what to do with it. But when it comes to the military we have to enhance our military. It's depleted. That's the word I tend to use.
An army's effectiveness depends on its size, training, experience, and morale, and morale is worth more than any of the other factors combined.
A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.
On the Internet, there are an unlimited number of competitors. Anybody with a Flip camera is your competition. What makes it even worse is that YouTube is willing to subsidize the cost of your bandwidth. So anybody can create and distribute for free basically, but the real cost is marketing. And that's always the big cost - how do you stand out and what's the cost of standing out? And there's no limit to that cost.
If you tell people, 'that old banger of yours, we're going to tax the hell out of it,' they'll rightly tell you to get lost. But if you tell people that when they next buy a car, the tax will be adjusted so that the cleanest ones will cost less and the polluting ones will cost more, most people would say 'fair enough.'
For too long, our country's version of an energy policy has consisted of Americans waking up every day and wondering how much it will cost to drive to work, how much it will cost to keep their business running, how much it will cost to heat or cool their homes.
I know it's different today than when I was growing up, and that's fine. But I have never been somebody, even when I was earning $19,000 a year, I never ran around whining and moaning about what things cost. What they cost was what they cost. And if I couldn't afford it, then I had to find a way to afford it or forget about it for now. It's just the way it was.
I can't tell you how many home businesses are almost in bankruptcy court over a Yellow Pages ad only to find out that the Yellow Pages ad isn't where their market will look for them, and it cost more than they thought.
Meetings should be like salt - a spice sprinkled carefully to enhance a dish, not poured recklessly over every forkful. Too much salt destroys a dish. Too many meetings destroy morale and motivation.
Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.
Tough times helped many commodities traders become lean and mean through consolidation, mergers and cost cutting. All that excess supply has been sopped up.
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