Businesses tend to fluctuate between efficiency and inefficiency depending on the prevailing economic situation and other competitive pressures. It is all too easy to acquire inefficient operational disciplines and accumulate ‘fat’ during an economic upturn when management attention and focus is diverted to growth opportunities and/or easily-acquired profits.
However, the inevitable course of the downward economic cycle quickly exposes decisions that, with hindsight, do not have long-term operational benefits. This often leads to drastic cost-cutting measures and severe financial repercussions.
This course is designed to equip managers with the ability to spot the onset of financial inefficiency and address it before it becomes a chronic issue and learn how to keep on top of it.
