Business Model and Practice: Minimized Cost Structures

Digital business models, automation, third-party suppliers, telecommuting and Big Data can all enable lower cost structures

Minimized Cost Structures

Business Model and Practices > Economic Models

Digital business models, automation, third-party suppliers, telecommuting and Big Data can all enable lower cost structures

Innovative Practices
  • Adopt lower-cost digital business models
  • Reduce labor costs through increased automation, enabling higher-value team members
  • Shift reliance to third-party suppliers for non-core activities
  • Embrace telecommuting to lower physical infrastructure costs
  • Utilize Big Data and Analytics to optimize customer value and required resources

Books and Other Recommended Sources

Does your strategy include proactive improvements in cost structures over the next several years?