Cutting corners, as defined by the online dictionary, is “To do something in the easiest, cheapest, or quickest way, often by ignoring rules or leaving something out, especially at the expense of high standards.” While most businesses acknowledge the immorality of cutting corners in business operations, there are a significant number of businesses, especially in the private sector, that don’t adhere to the legal and ethical standards placed on businesses by the relevant authorities. The desire to ‘get ahead of the pack’ leads many businesses into unethical or illegal practices due to the short-term benefits of saved time and money that they provide. In spite of the benefits that cutting corners offer, businesses should never partake in illegaloperations.Businesses
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An example of one way to cut costs would be for managers to hire contractors: Contractors are only paid for the time that they spend working, unlike full-time employees, who do not necessarily work ‘full-time’. If a manager cannot provide any work for his employees, he is basically paying them to be idle. Second-hand advertising is also a way to cut costs! Although it may sound unprofessional, using the billboards, signs and/or websites of old, closed businesses can be a simple way to save money; simply use the number or link that is provided in the advertising and have it redirected to new business.Telephone systems can often be expensive, and within businesses, conference calls are generally a must, which means that various-way calling can add up to a pretty penny; instead of using expensive systems, managers who are trying to save money should opt for a free, or near free, telephone service, like Skype or Free Conferencing. Creating a virtual space for your business rather than a physical one can save on obvious expenses such as rent, electricity, water, and other general factory expenses. Among many other ways of cutting costs, businesses often overlook the simplest way: Reaching out to those who are less experienced, such as interns or people with disabilities. Although this requires training the employees, those looking for a job, or any form of experience, are often willing to take a little less pay, and are at the lower end of the pay
An example of one way to cut costs would be for managers to hire contractors: Contractors are only paid for the time that they spend working, unlike full-time employees, who do not necessarily work ‘full-time’. If a manager cannot provide any work for his employees, he is basically paying them to be idle. Second-hand advertising is also a way to cut costs! Although it may sound unprofessional, using the billboards, signs and/or websites of old, closed businesses can be a simple way to save money; simply use the number or link that is provided in the advertising and have it redirected to new business.Telephone systems can often be expensive, and within businesses, conference calls are generally a must, which means that various-way calling can add up to a pretty penny; instead of using expensive systems, managers who are trying to save money should opt for a free, or near free, telephone service, like Skype or Free Conferencing. Creating a virtual space for your business rather than a physical one can save on obvious expenses such as rent, electricity, water, and other general factory expenses. Among many other ways of cutting costs, businesses often overlook the simplest way: Reaching out to those who are less experienced, such as interns or people with disabilities. Although this requires training the employees, those looking for a job, or any form of experience, are often willing to take a little less pay, and are at the lower end of the pay