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Is it a wise strategy to minimize the cost of the process?

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"If every manager minimizes the cost of the process he or she supervises, overall costs of the company will decrease."

Would this be a wise strategy, Why or why not?

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Although it is a wise strategy to minimize the cost of a process when possible, it is also necessary to look at sacrificed opportunities because of that minimization. In other words, there are both explicit costs and ...

Solution Summary

A discussion about whether it is always a wise strategy to minimize the cost of a process.

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