Paul Goydan

Sep 25, 2024 | bcg.com | Christopher Daniel |Paul Goydan |Tsutomu Takagi

As governments grapple with postpandemic economic realities, the pressure to balance fiscal responsibility with delivering excellent public services has never been greater. The pandemic and its aftermath essentially took costs off the agenda for the last four years. Out of necessity, governments ignored current debt loads and ratcheted up fiscal stimulus to meet pandemic-related needs, offset lost tax revenue, and avoid layoffs.

Sep 16, 2024 | bcg.com | Paul Goydan |Kevin Kelley |Nithya Vaduganathan

How BCG used a cascaded and holistic organization-design approach to help a global biotech firm reduce its gross labor and non-labor costs by 20%. A global biotechnology company realized that it had to embrace major structural changes to achieve financial stability. The firm was amid significant portfolio changes, including patent expiry on its main product and a pivot to investment in new disease areas. Revenue had slid significantly in the previous three years.

May 28, 2024 | bcg.com | Paul Goydan |Kevin Kelley

Too often leaders wait for a crisis to cut costs, resulting in reactive, shortsighted measures. There’s a better way. To achieve cost excellence, leaders should take stock of the dynamics that often drive inefficiencies and address them head on. Leaders need a holistic, disciplined approach to managing their costs. Those who adopt this approach will build an always-on capability for keeping costs out.

Mar 22, 2024 | hbr.org | Paul Goydan

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Oct 10, 2023 | bcg.com | Paul Goydan

It appears your browser does not support JavaScript or you have it disabled. BCG.com will work better for you if you enable JavaScript or switch to a JavaScript supported browser. Leaders need to thoughtfully manage costs now to sustain future growth. But each company’s path to cost savings is unique, as BCG’s Paul Goydan explains.