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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?

    © BrainMass Inc. brainmass.com October 10, 2019, 3:54 am ad1c9bdddf
    https://brainmass.com/business/cost-minimization-strategies/is-it-a-wise-strategy-to-minimize-the-cost-of-the-process-440866

    Solution Preview

    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.

    $2.19