Explore BrainMass

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

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

"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 25, 2018, 5:56 am ad1c9bdddf

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.

See Also This Related BrainMass Solution

Strategic Plan on Pfizer, Inc.

A. Long Term Objectives : In addition to long term objective also address following areas: Profitability, Productivity, Competitiveness, Employee development and relations, technical leadership, and public responsibility.
B. Strategic analysis and choice: In this section you should discuss: Generic Strategies, Matched Pairs Analysis, and Grad strategies.
C. Action Plan : The action plan should be directly traceable to the long term objectives.

View Full Posting Details