Managing costs
It is easy to think about managing costs as ‘cutting’. It isn’t – it’s about your attitude to resources and priorities; less about what you spend money on than how you think about the way you spend it.
Frequency – continuous; there is always money to be saved!
Key participants – anyone with a budget.
Leadership rating ***
Objective
As a business leader, you will inevitably have some financial responsibility. You will be expected to demonstrate financial management – in particular the ability to deliver your team’s planned performance within budget. You must aim to apply six principles.
- Planning – you must be clear about your strategic and operational priorities for expenditure.
- Contingency – your financial planning should ...
Get The Leadership Book, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
