Win Board Approval to Slash Costs
A Step in a Management Maneuver in the Mezzanine Stage of Startup Development
Winning board approval is a step in the process of slashing costs. Slashing costs is often a radical maneuver, like reinventing the Company or restarting the business. Approval for such radical management maneuvers require approval from the board of directors, and often the shareholders as well.
This step is completed once the board of directors and shareholders provided approval for a cost-slashing exercise.
Jump to Related Sections of the Zero-to-IPO Book:
SVBS Learning Materials Related to this Milestone ~ From SVBS Online Courses:
Maneuvers Involving this Milestone: