{
  "title": "Finance for non-financial managers in the canton of Vaud: does lower activity really reduce costs?",
  "url": "https://www.shr.swiss/blog/vaud-finance-pour-non-financiers-baisse-activite-reduction-couts-en",
  "language": "en",
  "datePublished": "2024-07-09",
  "publisher": {
    "name": "SHR — Swiss Human Resources",
    "url": "https://www.shr.swiss",
    "address": "Esplanade de Pont-Rouge 9A, 1212 Lancy, Suisse"
  },
  "summary": "Lowering an activity forecast does not automatically reduce committed resources. Research points to the concrete decisions that make a projected saving achievable.",
  "section": "Research",
  "topic": "Finance for Non-Financial Managers",
  "place": {
    "name": "Lausanne",
    "region": "Vaud",
    "country": "CH"
  },
  "keyPoints": [
    {
      "heading": "What the literature establishes",
      "point": "Mark C."
    },
    {
      "heading": "The mechanism that weakens the forecast",
      "point": "Daniel Kahneman and Dan Lovallo (1993, Management Science) analyse how forecasts focused on a project's distinctive features can overlook experience from comparable situations and become excessively optimistic."
    },
    {
      "heading": "The premature conclusion",
      "point": "One might conclude that a well-managed organisation should make all its costs immediately variable."
    },
    {
      "heading": "The limits of the evidence and conventional reports",
      "point": "The cost-stickiness study examines aggregated company data, not an experiment in the canton of Vaud; it cannot classify every local expense on the basis of its accounting label alone."
    },
    {
      "heading": "A practical check in Lausanne",
      "point": "One application of SHR's “Finance for non-financial managers” programme in Lausanne is to revisit an actual lower-activity scenario and document the expense concerned, the required action, its owner and its effective date for each projected saving."
    }
  ],
  "sources": [
    {
      "authors": "Janakiraman",
      "year": "2003",
      "source": "Journal of Accounting Research"
    },
    {
      "authors": "Lovallo",
      "year": "1993",
      "source": "Management Science"
    }
  ],
  "wordCount": 473,
  "image": "https://www.shr.swiss/img/blog-Training-Finance-For-Non-Financial-Managers-Lausanne-vaud-finance-pour-non-financiers-baisse-activite-reduction-couts-en.jpg?v=4",
  "translations": {
    "fr": "https://www.shr.swiss/blog/vaud-finance-pour-non-financiers-baisse-activite-reduction-couts",
    "en": "https://www.shr.swiss/blog/vaud-finance-pour-non-financiers-baisse-activite-reduction-couts-en",
    "de": "https://www.shr.swiss/blog/vaud-finance-pour-non-financiers-baisse-activite-reduction-couts-de",
    "it": "https://www.shr.swiss/blog/vaud-finance-pour-non-financiers-baisse-activite-reduction-couts-it"
  },
  "relatedPages": {
    "programme": "https://www.shr.swiss/formation-finance-pour-non-financiers-lausanne",
    "city": "https://www.shr.swiss/formations-ville/lausanne",
    "blog": "https://www.shr.swiss/blog"
  },
  "citationPolicy": "Citation autorisée avec mention « SHR — Swiss Human Resources » et lien vers l'article."
}