Summary of Driving Down Cost

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Driving Down Cost book summary
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Rating

9 Overall

8 Applicability

7 Innovation

9 Style


Recommendation

Andrew Wileman provides a series of practical toolkits that help you achieve cuts in your cost structure to support your company’s strategic position. He also shows why cost slashing destroys brands and undermines future growth. His writing can be a bit colloquial and clunky at times, but it’s still very clear and easy to read. The book stays on point from beginning to end. Each chapter provides a list of the key ideas for each toolkit. getAbstract recommends this book to executives, CFOs, managers and others who are responsible for budgeting.

In this summary, you will learn

  • Why good cost management helps avoid a cost-cutting frenzy;
  • How the Internet lowered the costs of communication and globalization; and
  • How you can change your cost structure beyond obvious and simple cost slashing.
 

About the Author

Andrew Wileman holds an M.B.A. from Harvard, and is a consultant with major consulting firms. He now consults on his own and writes columns for Management Today.

 

Summary

A Cost Manager Is Like a Personal Trainer
Cutting costs is more dramatic than cost managing. Intelligent cost management will improve your cost position without undermining the basis for your future growth. If you manage your costs well, the need for dramatic rounds of amputating portions...

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