Duane Deason
Operationally Svelte: Manage Costs to Increase Profit and Manage Performance
In Operationally Svelte, Duane Deason delivers a comprehensive guide to transforming organizations into lean, efficient, and high-performing entities by addressing the often-overlooked area of cost management. Drawing on his extensive experience as a Certified Public Accountant and founder of The Efficacy Group, Deason provides a step-by-step framework for creating a dedicated Cost Management Center (CMC) to tackle organizational bloat, waste, and inefficiency.
Deason meticulously outlines the process of creating a CMC, starting with selecting a capable leader, determining the scope of the center, and assessing current capabilities. He emphasizes the importance of empowering the CMC with authority, establishing clear policies and procedures, and fostering a culture of cost awareness throughout the organization. The book also provides practical operational tips, such as prioritizing cost-saving targets, building trust with internal stakeholders, and managing vendor relationships effectively.
The book also addresses broader macroeconomic trends, such as inflation, trade tariffs, and geographic instability, and their potential impact on cost management. Deason provides insights into how organizations can prepare for these challenges, emphasizing the importance of flexibility and adaptability. He also explores the potential of artificial intelligence (AI) to revolutionize cost management, while cautioning against the initial costs and complexities of implementing AI solutions.
Deason argues that creating a culture of cost awareness is essential for long-term success. He provides practical strategies for fostering this culture, such as rewarding employees for identifying cost-saving opportunities, tying bonuses to efficiency, and educating the workforce about financial stewardship.
Deason’s writing is clear and accessible, making complex concepts easy to understand. The inclusion of real-world examples and anecdotes allows readers to see how these strategies can be applied in practice.
Overall, Operationally Svelte offers a fresh perspective on cost management, emphasizing its role as a driver of growth and innovation rather than a hindrance. A must-read for business leaders, CFOs, and anyone involved in corporate finance or operation.
Star rating: 5 Stars
Summary: A comprehensive guide to help leaders transform organizations into lean, efficient, and high-performing entities.
