Appoint Team to Slash Costs
A Step in a Management Maneuver in the Mezzanine Stage of Startup Development
Appointing the team is a step in the process of slashing costs. A team can be appointed to investigate the best methods of reducing overhead and slashing costs. As a cost-cutting exercise often involves reducing headcount, such discussions are usually held in private and separate from the day-to-day operations. The team usually consists of members of the HR team, members of the finance team and senior management. As slashing costs often involves reinventing the Company, it requires input from the most senior company officers.
This step is completed when a team has been assigned the task of slashing costs.
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