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Strategic Cost Reduction
From ICAI Publishing the second edition of Strategic Cost Reduction: Cutting Costs without Killing your Business, co-authored by our colleague Timothy McCormick and Dermot Duff, takes a holistic approach to cost reduction, placing it in a wider strategic framework.

The edition is expanded substantially with greater international focus and in particular emphasises on implementation issues. New chapters deal with the causes of business failure and how to manage the change process and implement the cost reduction plan set out in the edition.

The book is aimed at managers, and their advisors, embarking on major cost reduction programmes with messages that can be applied globally.

Strategic Cost Reduction takes a holistic approach to cost reduction, placing it in a wider strategic framework. Sub-titled ‘Cutting Costs with Killing your Business’ this book describes the key tools available for, and potential pitfalls in, implementing sustainable change. It is aimed at managers, and their advisors, embarking on major cost reduction programmes.

“Cost reduction is part and parcel of how modern companies operate. This book gives not only good advice, but also the necessary context. A very useful read.” Frank O’Regan, Global Vice-President, Bausch + Lomb

Link to buy Strategic Cost Reduction: Cutting Costs without Killing your Business on Amazon.co.uk
An Irish Banking Manifesto
An Irish Banking Manifesto: The Views of a Disenchanted Former Banker, by Tim McCormick was published in December 2014 by The Liffey Press.

Since the financial crisis broke in Ireland there has been a clamour for a full explanation for how and why it happened. The various accounts to date have focused on the role of the Financial Regulator, the Government and the economic cycle, but little attention has been given to the lending behaviour by the banks.

Various journalists and academics have provided valuable insights to the problem, but what is missing is a perspective from the inside. Tim McCormick spent eighteen years in Irish banking in the 1970s and 1980s before spending a similar length of time training Irish managers in finance at the Irish Management Institute.

In An Irish Banking Manifesto McCormick argues persuasively that the primary cause of the financial crisis was the behaviour of the bankers themselves – reckless lending, a pursuit of profit at all costs, a total disregard for their customers and the public at large, an insidious bonus culture that clouded their judgement, and an arrogant belief that they were somehow superior to all and deserved their extravagant rewards.

Having castigated the bankers’ poor performance, McCormick then sets out a clear reform programme that will ensure such behaviour cannot be repeated and which will allow us regain confidence in Ireland's banks.

‘Of all the books written so far about the Irish banking crisis, this one has the greatest authority.’ – Shane Ross, TD, from the Foreword

Link to buy AN IRISH BANKING MANIFESTO The Liffey Press
Link to buy AN IRISH BANKING MANIFESTO on Dubarry Books Online
Link to buy AN IRISH BANKING MANIFESTO on Amazon.co.uk
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