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

"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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