This strategy tries to present a balanced approach to cost optimization, and suggests that past strategies such as wholesale employee reductions are likely not in the long-term interests of the firm. In addition, it seeks to counsel clients to not just look at cuts per se, but to seek efficiencies through other means and to also consider measures of corporate value beyond the financials. If you reduce, replace and rethink, you will be able to reinvest in order to become more agile and efficient.
The potential targets of each piece of the strategy are: