Daily Archives: February 4, 2016

How Cost-cutting Destroys Profit and How to Do It Better

Why is Downsizing So Popular? It seems every day we hear about another corporation laying off employees.  Great firms thrive by selling more and introducing new products.  So why do so many companies embrace downsizing? Out of sales revenue, a company must pay to create the product, cover its expenses, and pay taxes.  So a dollar of sales will yield less… Read more »