Budget cuts bfdi5/3/2023 ![]() ![]() Focus on performanceĪs a consultant, you were engaged to deliver a specific business outcome. Hence, it’s better to react with a modicum of grace and an unwavering determination to do more with less. Budget cuts are a necessary evil in the business world. Unless that work is quantified and the business impact communicated, there will always be a high risk of budget cuts, especially those of consulting teams. However, we should! After all, we are responsible for tangible results for our work. As a consultant, what is your approach when you are face such budget cuts?Ĭonsultants are not always comfortable standing on their own soap boxes or evangelizing a recent win. Even in those organizations that not making cuts, there is an atmosphere that discourages additional budget – a culture of austerity. Many have also frozen hiring new employees or filling up existing open positions. The Senior Management is is tasked with saving 5%, 10%, or even more from their budget. Across industries, the Leadership is asking their employees to do more with less. In plain text, they are cutting their operating budgets. With the pressures of COVID-19, along with other economic and demographic changes, many businesses are looking to streamline their operations.
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