Cost Optimisation - Effective Cost Concious Culture (CAB)

Common Mistakes made

▪ Misaligned Goals: Efforts not tied to strategic objectives, wasting effort and resources

▪ Underestimating Resistance: Failure to address employee resistance and concerns

▪ Poor Communication: Ineffective communication of goals, benefits and progress

▪ Short Term Focus: Prioritising immediate savings over long term sustainability and growth

▪ Inadequate Training: Not providing necessary training to adapt to new cost saving measures

▪ Unstructured approach: Not recognising cultural change needs a structured approach.

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