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Enterprise Cost Management Conference

Uncertain times: Cost management in the new normal

Start date and time

October 15, 2012 8:00 AM

End date and time

October 17, 2012 12:30 PM

Time zone:

(GMT-05:00) Eastern Time (US & Canada)

Venue

The Marriott Marquis-New York City

Registration Information

Registration options

External registration

Event registration is closed.

Enterprise Cost Management Conference: October 16-17, 2012.
Pre-Conference workshop on October 15, 2012.

Sponsored by Deloitte Consulting LLP, please join us for The Conference Board’s upcoming Enterprise Cost Management Conference: Uncertain Times: Cost Management in the New Normal. Hear from industry specialists and leading companies on cost management strategies that can help position your business for success in the new normal. As a friend of Deloitte, you qualify for a special discounted rate of $1800 by using code CB1 when registering.

Most economists and business leaders agree: the “great recession” is over and a prolonged recovery is here to stay. Yet underneath the stream reports of recovery are deep concerns about the post-recession business reality. Whether it is market turmoil in Europe, sluggish job growth in the United States, increased regulatory burdens, or the impact of geopolitical events on our globalized economy, business leaders continue to have a fundamental uncertainty about the future. 

We call this reality the “new normal,” characterized by a competing sense of both optimism and uncertainty. This has led executives to focus both on revenue growth and on managing enterprise costs over the long-run given such uncertainty in the future economic climate. This path forward will be made even more interesting when considering that we are in a period when 90 percent of companies expect to grow yet 80 percent will cut costs. 

This shift to the new normal has many business leaders asking questions that go beyond the typical cost reduction focus:

  • What should be the focus after the low-hanging fruit has been picked?
  • Have structural costs been right-sized to create a scalable platform for sustainable growth?  
  • Do operating model and governance structures enable flexible decision making and resource allocation?
  • Is there an enterprise cost management strategy that can be integrated with the growth and talent strategy?
  • What mechanisms are in place to ensure that cost management is sustainable and effective?

The failure rate of cost programs has increased from 14 percent in 2008 to 37 percent1 in 2010 which further accentuates the need to pursue the most appropriate cost management strategy in order to successfully address these questions. In this conference, you will hear from industry specialists and leading companies on cost management strategies that can help position your business for success in the new normal.

Benefits of attending

  • Learn how to balance talent, growth and liquidity needs
  • Deploy enterprise cost management strategies that address the ongoing uncertainty of the new normal
  • Learn to preserve, enhance and leverage cost and liquidity gains made during the downturn
  • Ensure that your operating model and overall cost structure are scalable to support revenue, earnings and geographical growth
  • Prioritize resources and investments to effectively capitalize on cost gains

1Deloitte Consulting LLPs Second Biennial Cost Survey 2011: Cost Improvement Practices and Trends in the Fortune 1000, 2011

 

Event registration is closed.