Cost leadership can improve on execution through

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Cost leadership strategy aims to become the lowest-cost producer in the industry. To improve execution, the company can use benchmarking to identify best practices and improve processes, as well as implement total quality management to reduce waste, defects, and operations costs. Automated production and higher output of products can also help reduce costs, but it may not necessarily improve execution if there are quality or reliability issues in the products. Cost-cutting and downsizing personnel may lead to a short-term reduction in expenses, but it can also harm employee morale, productivity, and long-term competitiveness. Improvements in product development can enhance the value of the products, but it may not necessarily lower the production costs or improve the operational efficiency of the company.

Cost Leadership Can Improve on Execution Through