Small and midsize companies are experiencing some recovery from the economic downturn but expect only modest improvement in business over the next year. Most companies are focusing on low-risk growth strategies like increasing market share of existing products rather than riskier strategies. While companies previously focused on profitability, most now aim for sustained profitable growth. Finance executives believe maintaining cost discipline will provide an important competitive advantage as the recovery continues. Companies have improved at cost management over the past two years but see opportunities to get better, especially in vendor consolidation and adapting employee spending behaviors.
CFOs on Post-Downturn Cost Control Strategies for Growth
1. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts
2.
3. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts