Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Cutting Costs Curtail Crisis
Mike Donoghue is a member of a multinational information technology corporation where he collaborates on the communications guidelines and customer relationship strategies affecting the interactions with internal and external clients. He has analyzed, defined, designed and overseen processes for various engagements including product usability and customer satisfaction, best practice enterprise standardization, relationship/branding structures, and distribution effectiveness and direction. He has also established corporate library solutions to provide frameworks for sales, marketing, training, and support divisions.
Many years ago at my old college, every department was required to cut a certain percentage of their allocated budget. While most administration heads tried to see which personnel could be considered non-essential and then let go, one department had a creative idea: get rid of all the phones.
When it came down to it, it was found that each professor had an office that they rarely appeared in unless they scheduled appointments with students or colleagues. Most of the time they were off teaching, doing research, or even sitting at home. Even if they were in their office, there was no demand for them to use a phone except for personal reasons.
As a result of the phone policy change, only a few core assistants were given access to phones in order to perform basic department functions and take messages, but most of the staff gave them up willingly rather than face the potential of other less friendly cost-cutting measures.
And according to many of my professors who underwent this change, they didn’t really miss them.
Ticking of the Economic Clock
As the stock market continues to be volatile and a recession seems to be looming on the horizon, it’s prudent to consider that your company may experience an economic downturn that can lead to layoffs or reductions in resources. Managers, if they haven’t performed the task already, …
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