Corporate Finance: Profitability in a Financial Downturn

When an organization experiences a financial downturn, it should start looking for proactive ways to improve profitability. In this course, consultant and economist Jason Schenker explains how to cut costs and improve cash flow to survive an economic decline and set up the business for long-term success. Learn about the biggest challenges companies face in a downturn, discover how to fine-tune your financial priorities, and find ways to reduce costs. Get practical tips to help you negotiate with vendors, reduce overhead, recover and redeploy existing assets, and cut back on labor costs.

Topics include:
Describe the steps taken in a spend analysis.
Define the attributes of clean data.
Differentiate addressable spend from unaddressable spend.
Explain the power position of customers and vendors in a negotiation.
Identify ways a company can reduce its overhead.
Recognize difficulties in reducing labor costs.