Cutting cost in Business Communication
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Transcript of Cutting cost in Business Communication
Definition of Cutting Cost
• Cost cutting can be used as a business tool to become more
competitive.
• Cost cutting is a measure used by a company to reduce costs
with the goal of increasing efficiency.
Importance of Cutting Cost
•Cutting costs has a direct impact
on an organization’s profitability.
•Cutting costs also frees up
money that can be used in other
areas of the business.
Fixed Line Costs
Tips to Control Costs:
• Cancel unused lines.
• Understand companies’ call profile and the
real call tariffs.
• Check companies’ bills carefully and try
to find billing errors.
• Avoid calls to Directory Enquiries.
Mobile Costs
Tips to Control Costs:
• Use text messages instead of calling.
• Consider the costs of supporting smart phones.
• When abroad Turn off data roaming and connect to a local Wi-Fi
point which is free in many cafes and hotels.
Data
• Tips to Control Costs:
• Understand what company is paying for.
• Monitor usage.
• Take action before problems occur.
Technology
• Tips to Control Costs:
• Ensure the network is properly
managed.
• Understand how the system will be
used, how many sites will be
supported and what functions will be
used.
• Ensure the additional security and
business.
• Ensure the benefits are identified.
Management and Control
Tips to Control Costs:
• Understand companies' terms and ensure company has a written
copy.
• Be aware that terms may be communicated in different ways,
including in writing, billing messages and updates to websites.
• Ensure company’s service levels are appropriate for the product.
Policies
Tips to Control Costs:
• Implement a clear policy regarding the personal use of companies’
mobiles.
• Forbids employees lending company devices to friends and
relatives.
• Prevent employees’ own mobiles being connected to company
computers and networks.