Small and midsize companies are experiencing some recovery from the economic downturn but expect only modest improvement in business prospects over the next year. Most companies are pursuing relatively low-risk growth strategies like increasing market penetration of existing products rather than riskier strategies. While companies previously focused on bottom-line profitability, most now aim for sustained profitable growth balancing top and bottom lines. Finance executives believe maintaining a lean cost structure will provide an important competitive advantage as the recovery continues. Companies have improved at managing costs over the past two years but see opportunities to further consolidate spending and help employees adapt spending behaviors.
1. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts
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3. The Path to Prosperity
CFOs at small and midsize companies
on post-downturn cost control
A report prepared by CFO Research Services in collaboration with
Expense Reduction Analysts