Diagnose Position

MANAGE COSTS EFFECTIVELY

Benchmark the cost structures of your best competitors

• Financial gap: How much must you reduce cost to match them?

• Rates and management approaches: Are they managing costs fundamentally differently?

• Customer mix: Would a change in customers reduce your costs?

• Audio Tip: Benchmarking the Best Competitors

See:

Steps 24 – 29 in the Basic Strategy Guide

or

DIAGNOSE/COSTS on the Navigation Bar

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Return to Improve Your Ability to Manage Costs