Expert: Go slow on staff cuts despite harsh times

Prof Robert Kaplan, Marvin Bower Professor of Leadership Development, Emeritus at the Harvard Business School. PHOTO | FILE 

By BD REPORTER

In Summary

• Prof Robert Kaplan says the best strategy execution involves considering staff as assets and ...using them to create more revenues rather than shedding them.
• Prof Kaplan says losing human resource should be the last resort in a restructuring plan.
• Kenyan firms are famous for cutting down human capital after engaging external strategists who recommend staff layoffs as one of the ways to cut costs.