Put down your knitting

Article Abstract:

The traditional logic of identifying the most profitable business and building the empire around it is no longer viable in the modern world, which has managed to globalize the production without proportionate globalization of consumption. Consequently, there are surpluses and it is difficult to identify the most profitable area. The need to use alternate strategies in such circumstances is highlighted.

Facilities & equipment, Buildings and facilities

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Careful with that axe

Article Abstract:

Solutions to a fictitious situation where a middle manager is a mute spectator to aggressive and irrational cost cutting measures being undertaken by his immediate superior to impress the boss is presented.

Cost Control Techniques, Evaluation, Economic aspects, Cost control, Cost reduction

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