Many factors affect the success of an organization such as competitors, cost, market economy, political environment and labour payments. One of them is the cost that is spent by the business and it was stated rightly stated by the French business man Thierry Weinberg. He is the founder of the Double V council in France which was launched in 2009. He is called as the marker of savings by the application cost optimization in his concerns.
Organizations are subjected to number of charges, taxes and liable to many expenses to run their operations. He said that about 150 companies are closing a day in France by the cost shortage to run their business. Optimization in the sense is not to spend for the business, reduce the cost in the areas of the business where you can.
Thierry Weinberg As A Cost Killer
Cost killing is the mission to run a successful management of a business. Some are the incompressible part of the business where you cannot apply the principle of optimization of costs. Some areas are the part of the business where you can reduce the costs. Management of each company differs from one another in many aspects. Human resource is the department where you can apply the cost killing by recruiting new employees to their company. Wherever possible companies should optimize other expenses from electricity to telecommunications where you can take your cost benefit.
Earning complete trust of the customers is a major factor which enhances the positive sign of any business. Win-win strategy is the best principle which promotes the customer business relationship in many areas. You can get this cost skills strategy from http://latribune-economique.fr/thierry-weinberg-fiscalite-et-costkilling/ . The more the customers save they get attracted by the company and the company also can gain profit.
Serious consequences that affect the survival of the business are the expenses, taxation, taxes and expenditure which should be controlled by the management to run for long term business. Companies should always try to minimize spending on unwanted expenses to some extent as much as possible. Development of society along with profitability shows the healthy status of an organization. Entrepreneurs must take this cost optimization into account before starting to run any organization.
More comprehensive approach is needed for a successful business firm and this is followed as the key to social integrity, employment, purchasing power and overall national growth. Optimization cost is the major factor influencing the growth of the business to the utmost extent