This document is a report from a survey of 325 senior finance executives at small and midsize companies regarding cost management in the economic recovery. It finds that while over 70% of companies report some degree of recovery, confidence in growth is modest. Companies favor low-risk growth strategies like increasing market share over riskier options. There is a focus on sustained profitable growth rather than just profits or revenues. Companies improved at cost management over the downturn and see maintaining cost discipline as important to future competitiveness, but still see opportunities to further improve areas like vendor consolidation and process efficiency.
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CFO Whitepape:r The Path To Prosperity
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