cost-cutting culture
/kɒstˈkʌtɪŋ ˈkʌltʃər/ · cost.cut.ting.cul.ture
noun
- A work environment or organizational culture that prioritizes reducing costs and increasing efficiency. The company's cost-cutting culture led to significant layoffs and a reorganization of departments.
- A set of values and practices that emphasize frugality and resourcefulness in personal or professional life. The artist's cost-cutting culture allowed her to create innovative works on a limited budget.
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Did you know? The concept of cost-cutting culture has been influenced by the Lean management philosophy, which originated in Japan and emphasizes the elimination of waste and the continuous improvement of processes.