OPTIONS: CORRECTING INTERNAL COST DISADVANTAGES
OPTIONS: CORRECTING INTERNAL COST DISADVANTAGES
- Initiate internal budget reductions
- Re-engineer business processes to do better job of managing executional cost drivers
- Try to eliminate some cost-producing activities by revamping value chain system
- Relocate high-cost activities to lower-cost geographic areas
- See if certain activities can be outsourced or performed cheaper by contractors