Question:
Analyze the following comment: "Cost cutting has become the holy grail of corporate management; but what helps the financial statements up-front, in the short run, can end up hurting the business as a whole, in the long run."
In your discussion of this comment, consider the reasons why the corporate world of the U. S. is in this situation, what costs have become a problem, and how you would turn this situation around for the benefit of corporate management.