ABSTRACT
The practical experience of work related learning motivated this research to be conducted by the researcher after some observations through the period of 2013 at attachment. The main purpose was to analyse the impact of cost cutting on profitability of Freight World. The profits of Freight World continue to fall down even after implementing cost cutting. Freight World has to establish ways and means to revive its current profit levels as they are in danger zone.
Literature was reviewed so as to attain the goals or the objectives of the study. The findings of the study revealed that cost cutting strategy was negatively affecting the profits of the company. The findings of the research also revealed that employee costs and the administration costs were the one affecting significantly and negatively the profits of Freight World. The organisation has implemented a cost cutting strategy but the strategy lacks communication, commitment by the workers .The findings further revealed the need to have flexible intact controls after cost cutting that can enable the organisation to stick to the objectives of the entity and cost cutting.
Based on the findings, it is therefore recommended that the company should restart the cost cutting afresh with more employee participation in the whole process from initiation of ideas. This can help the organisation in creating a workforce that support the idea of cost cutting at will and not by duress. There must be close monitoring and documentation of performance after some predetermined regular intervals.
KANDA, N (2021). An Analysis On The Impact Of Cost Cutting On Profitability: A Case Of Freight World. Afribary. Retrieved from https://tracking.afribary.com/works/an-analysis-on-the-impact-of-cost-cutting-on-profitability-a-case-of-freight-world
KANDA, NYASHA "An Analysis On The Impact Of Cost Cutting On Profitability: A Case Of Freight World" Afribary. Afribary, 04 May. 2021, https://tracking.afribary.com/works/an-analysis-on-the-impact-of-cost-cutting-on-profitability-a-case-of-freight-world. Accessed 14 Nov. 2024.
KANDA, NYASHA . "An Analysis On The Impact Of Cost Cutting On Profitability: A Case Of Freight World". Afribary, Afribary, 04 May. 2021. Web. 14 Nov. 2024. < https://tracking.afribary.com/works/an-analysis-on-the-impact-of-cost-cutting-on-profitability-a-case-of-freight-world >.
KANDA, NYASHA . "An Analysis On The Impact Of Cost Cutting On Profitability: A Case Of Freight World" Afribary (2021). Accessed November 14, 2024. https://tracking.afribary.com/works/an-analysis-on-the-impact-of-cost-cutting-on-profitability-a-case-of-freight-world