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Cost reduction: Difference between revisions
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{{a|negotiation|}}{{wasteprov|Cost}}s may arise largely as follows: | {{a|negotiation|}}Cost is not the opposite of (monetisable) value. A process may have a value ''because'' there is a cost to it. If you get rid of the cost, you get rid of the value. This is why no-one could make money out of email. It took away a cost, and meant the monetisable value of the abstract action of sending and receiving written communication dropped to nil. | ||
{{wasteprov|Cost}}s may arise largely as follows: | |||
==={{wasteprov|Personnel}}=== | ==={{wasteprov|Personnel}}=== | ||
{{wasteprov|Personnel}} from [[Sales]], [[KYC]], [[Onboarding]], [[Credit]], [[Trading]], [[Tax]], [[Legal]]/[[Negotiation]], [[Operations]]. Costs include hidden costs like pension, redundancy expenses, national insurance and so on. [[All other things being equal]],<ref>The {{wasteprov|fungibility}} of {{wasteprov|personnel}} is a popular falsehood of [[management consultancy]].</ref> you can address these {{wasteprov|cost}}s as follows: | {{wasteprov|Personnel}} from [[Sales]], [[KYC]], [[Onboarding]], [[Credit]], [[Trading]], [[Tax]], [[Legal]]/[[Negotiation]], [[Operations]]. Costs include hidden costs like pension, redundancy expenses, national insurance and so on. [[All other things being equal]],<ref>The {{wasteprov|fungibility}} of {{wasteprov|personnel}} is a popular falsehood of [[management consultancy]].</ref> you can address these {{wasteprov|cost}}s as follows: | ||