Archive for: August, 2010
Nigel Warren - Nimbus Partners - London | 14/08/2010 | 3237 views
According to McKinsey: many cost-reduction programs are "illusory, short lived, and at times damaging to long-term value creation". Their research concludes that only 10% of cost reduction programs show sustained results three years later. Yes, you read that right: 90% of cost reduction programs fail.
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Tags: Risk & regulation, Retail banking