Profit Building: Cutting Costs Without Cutting People

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9781576751084: Profit Building: Cutting Costs Without Cutting People
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IMPROVING PROFIT is the number one objective of business leaders, yet most do not truly understand how to move beyond the basics when it comes to cost reduction for profit improvement. Typically, a company's response to reducing cost is to reduce the workforce. People are laid off in large numbers and dollars are saved-or so it seems. This is a mistake, a short-term solution. Profit Building provides a better approach, one that focuses on profit improvement as a stand-alone process, demonstrating how an organization can achieve its goals to improve profitability and reduce cost through a proven method based on team innovation management.
Perry J. Ludy offers a hands-on guide that shows managers how to move profit-and-loss financial reviews beyond the basics to creative solutions and genuine action plans. Using the author's four-step Profit Building Process (PBP), Profit Building shows how to organize teams with the specific purpose of improving profit-while providing an opportunity for employees to participate in developing cost reduction strategies so that profit improvement is perpetual.
A system of step-by-step activities designed to produce immediate and continuous results, the PBP shows managers how to apply concepts from prior learning-such as teams, innovation management, and performance improvement planning-to create tailor-made strategies for any organization. And it introduces "Questions Brainstorming," a new twist to traditional brainstorming that fosters avid group participation resulting in better solutions.
In order to achieve success beyond today, business leaders must leverage all resources available within the organization to improve profit, reduce cost, and create a better place to work. Profit Building is an executive handbook and a quick desk reference for managers that shows how to do just that.

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"Profit Building is a clear, easy-to-read book on how any organization can achieve profit improvement. Ludy has included real-world examples, coupled with his many years of management experience, to illustrate how using a systematic approach, a company can find innovative solutions and ideas to reduce costs."Lionel L. Nowell, III, Senior Vice President and Controller, PepsiCo, Inc.

"Applying these concepts can dramatically impact organizational change and profitability. Ludy has synthesized his key business principles into a boilerplate process that can be applied to any business. The system is laid out in a concise step-by-step fashion designed to walk you through the procedures."Brion G. Grube, Senior Vice President of Operations, Wendys Restaurants of Canada, Inc.

"Profit Building is clear and concise from the first page to the end of the final appendix. . . . A timely aid for managers, at any level, who are interested in successful organizational innovation."Hala Moddelmog, President, Churchs Chicken

About the Author:

Perry J. Ludy is a senior executive with more than 25 years experience with leading corporations and entrepreneurial companies. His consulting firm, LUDYCO, International specializes in helping domestic and international organizations develop creative approaches to building profits and managing innovation. Ludy also speaks, conducts seminars, provides corporate training, and consults on mergers and acquisitions. He has worked for leading US companies including PepsiCo, Inc., Procter & Gamble, and Imperial Corporation of America.

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