Manager's Guide to Creative Cost Cutting

In the current highly competitive operating environment, companies are often required to cut costs whilst maintaining an acceptable level of service and quality. This calls for smart ways to cut costs. This book provides some guidance to achieve this. With the various economic shocks that the world is subjected to, one typical target for cost cutting is reducing the workforce. This short-sighted approach to cost cutting not only causes a lot of human suffering but seldom achieves the intended objective of reducing costs in the long-run. David Young proposes a creative approach that focuses on uncovering hidden costs and reducing or eliminating them. The techniques to overcome the 21 common cost-reduction prohibitors appear to be workable and can be overcome. David Young gives some practical examples that enhance understanding of the cost cutting concepts that the author is proposing. I found the book to be terrific and it helped me in my on-going cost-cutting efforts making them more creative and innovative. It enabled me uncover areas that costs were hidden, helping me to realise substantial cost savings. The book is required reading for all managers tasked with the responsibility to cut costs and build profits in any department.

Anyone who is well-versed in running a business will know what his or her costs are and where those costs can be reduced if need be. This is a wonderful book that lists 181 ways to reduce operating costs. People who are planning to start a business might not know where wasteful costs can be cut, and they will greatly benefit from reading this book. I have a feeling this book was written for owners and managers of existing businesses with costs already in place that need to be cut. I read this book as an entrepreneur about ready to start a business and what I learned from it was ways to strategize operations so spending is NEVER wasteful. Great book, and a must read for any entrepreneur who wants to build a great company.

Young obviously was teasing us with the YGBK acronym -- daring us to read on and figure it out. Later in the book, in one of his YGBK descriptions, he ends it with the statement "you gotta be kidding."

The book is eduactional in the sense that the ideas mentioned are all valid points and easily comprehensible. The one fault this book has starts in the first chapter when it states "Make sure you avoid these YGBK's". My question to you is what is that. I have thoroughly looked for the meaning of this acronym and have come up empty. If anyone could provide some light please do.