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Fools Gold
Cost Reduction and other profit initiatives often fail to fully
realize the promised results. The profit teams report huge savings
but only fraction actually shows up on the bottom line. What's going
on? Fraud or fiction? Certainly not fact...
The reality is that in the zeal to show results, liberties may be
taken with the savings calculations. It's usually not fraud but
rather intemperate over enthusiasm and insufficient knowledge.
Calculating the real bottom line
savings of potential projects is important work. Unfortunately
it is often glossed over in the race to toting up big numbers for
the boss. Or it is left to people who don't have adequate
access to the underlying financial information necessary to make a
valid estimate.
This is your chance to test your knowledge of world-class
standards in all parts of the profit equation. Have your team
members take the test and see how they do. You might be
surprised.
Click here for a fully automated
on-line
self-scoring automated version of this
free test
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