Re-envision the business and ask what activities and resources
will truly be needed to compete under future market conditions,
then set a clear strategic vision and cost target
• Build a comprehensive fact base of current offerings, functions
and expenses
• Use a “blank sheet of paper” approach to build the ideal state
and identify vital initiatives
• Build the future state, bottom up, by justifying what activities
should be performed
• Reset budgets and full-time employee levels, redesigning
the organization and planning for implementation