Consulting firm Bain and Company has a fascinating 5 minute presentation on how to survive the financial crisis. The presentation is available here.
Of particular interest is one of their points on crisis management – that companies can’t afford sacred cows. Is regulatory compliance one of the sacred cows in your organization? If so, you may want to consider outsourcing; our experience is that companies can save up to 60% by outsourcing the regulatory compliance tasks while achieving similar if not higher levels of compliance.