cost cutting

Cost Cutting is not the Answer to Your Growth Problem

It was the first of March and the start of a new fiscal year.  Historically, it was a time to celebrate.  I stood behind the Home Fries station in the company dining area, serving employees a “New Year’s” breakfast and thanking them for their contribution.  As a member of the leadership team, I was participating in an annual ritual designed to signal our appreciation for our employees’ hard work.  Despite our efforts at putting on a brave face, our leadership team wasn’t exactly glowing with radiance and hope.  We looked more like an exhausted group of mountain climbers who had miraculously found their way back to base camp after a terrible storm at the summit.