Small and midsize companies are experiencing some recovery from the economic downturn but expect only modest improvement in business prospects over the next year. Most companies are pursuing relatively low-risk growth strategies like increasing market penetration of existing products rather than riskier strategies. While companies relaxed their focus on profitability, most will emphasize sustained profitable growth. Finance executives believe maintaining a lean cost structure will provide an important competitive advantage. Companies have improved at managing costs over the downturn but see opportunities to further reduce spending through vendor consolidation and changes to employee spending behavior.
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CFOs on Post-Downturn Cost Control Strategies for Growth
1. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts
2.
3. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts