Reducing spending or saving money has always been at the core of the corporate philosophy
. While it can lead to less palatable decisions such as job cuts, it also encourages the development of new technology. There are many relatively inexpensive ways companies can save money and reinforce their sense of corporate responsibility.
The Path to Reducing Consumption
Catastrophic events such as the recent eruption of the volcano Eyjafjallajokull in Iceland have companies seeking viable alternatives to business travel. These days the idea of cost savings has taken on a life of its own. This is largely due to the worldwide economic recession which has affected many companies worldwide. Simple routes to minimizing consumption include:
Embracing alternative energy: Companies that are located near lakes can explore the option of geothermal energy. Solar and wind energy are also attractive options currently being used by many institutions.
Cutting back on paper usage: Some experts predict that eventually everything will be stored digitally. Until that day comes, companies can begin by eliminating paper files where possible. Use of screen sharing technology such as remote PC can help cut back on paper.
Using meeting software: From real time collaboration to conferences and webinars, meeting software does it all. It also virtually eliminates the need for business travel saving millions of dollars in the process. Web conferences play a vital role in the current green movement since it cuts fuel costs. It can also reduce the need for printed material for meetings.
Utilizing these solutions is well within the reach of many companies. With alternative energy the initial capital outlay can be substantial, but this depends on each businesss energy needs. Even small companies are currently using video conferencing options with great effect. Cost savings from alternative energy usage are usually realized within months.