Routes to sustainable cost reduction

Published On - 26th January 2023 Thought Leadership

IMPOWER

In this blog Impower shares some thoughts about ambition. The key point is that most of the cost reduction exercises seen are still being driven by the wrong ambition. It is helpful to think about two types of savings, and recognise that a balance of both is generally needed:

  • “Now” savings that deliver rapid in-year cost reduction
  • What we call “good” savings – longer-term bets with the ambition of both improving outcomes and reducing cost

Impower’s view is that most authorities still focus too much on “now” despite results becoming harder to obtain, whereas the second is often badly undercooked for a variety of reasons, but not least a lack of confidence and ambition.

Read more about this on website.