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Hitting just the right note with cost containment
In approaching cost containment, many companies are apt to home in on modest initiatives that don't yield big savings. But according to Omar Aguilar, a partner with Deloitte Consulting, such an approach can constitute "a perfect storm in this environment, because it can lead to a complacent view that a company engaged in ongoing cost reduction has adequate cost management capabilities, when in fact the type of cost management you need in a downturn or a situation like we're in right now may need to be more than incremental."  Business Finance (7/7)