WEBVTT

1
00:00:00.270 --> 00:00:02.940
<v ->Leaders need to learn how to build capability</v>

2
00:00:02.940 --> 00:00:07.940
in their organizations to deliver impact over long term,

3
00:00:08.310 --> 00:00:12.330
while also delivering cost improvement in the near term.

4
00:00:12.330 --> 00:00:16.470
And this requires a balanced approach to cost optimization,

5
00:00:16.470 --> 00:00:20.490
and one which requires leaders to be quite thoughtful

6
00:00:20.490 --> 00:00:22.800
about the speed of cost takeout,

7
00:00:22.800 --> 00:00:24.870
about the places they take cost out,

8
00:00:24.870 --> 00:00:28.230
and about how the benefits or dividends of cost reduction

9
00:00:28.230 --> 00:00:32.340
can be reinvested into the organization to fuel growth,

10
00:00:32.340 --> 00:00:35.040
to fuel capabilities and digital,

11
00:00:35.040 --> 00:00:37.953
and to enable long-term success of the enterprise.