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COST-REDUCTION PLAYBOOK: WHAT’S IN YOURS?

Your favorite sports team probably outlines its game plan in a playbook. Team members consult the book to better understand the actions they’re expected to take as the game unfolds. Playbooks can be useful for business teams too. Let’s say your goal is reducing owning and operating costs. If you were asked to develop an O & O cost-reduction playbook, how would you define each team member’s responsibilities?

OWNER
As an owner, most of your effort is directed at controlling the owning side of the equation. Owning costs are typically fixed costs that can’t be changed once a deal has been sealed. Your key responsibilities:

To reduce operating costs, the owner can:

OPERATOR
As an operator, you have been entrusted with a powerful, expensive asset. Your principal responsibility is running that asset safely and efficiently. This requires a commitment to:

MAINTENANCE/SERVICE STAFF
As a maintenance or service professional, you play a vital role in driving down total operating costs. Your focus:

WIN THROUGH EXECUTION
A good playbook can provide clear direction for any team, but ultimately, winning is really about execution. Establishing accountabilities. Taking action. Measuring results. Managing progress. What role will you play in helping your organization execute its cost-reduction plans?