Cost Centers are units within companies responsible only for their costs. Example of cost centers are the production departments and the service departments within a factory and administrative departments such as IT and accounting. Profit centers are units within companies with control and responsibility over its revenues, costs and resulting profits. Being in a cost center can feel like the dog wagging the tail. You are not part of the team bringing in the revenue, you’re consuming “resources”. When the business performs well, likely you won’t get the credit. When the business performs...
Catherine Louis
Founder
CLL-Group
Catherine Louis is a Certified Scrum Trainer, independent agile coach, and founder of CLL-Group.com and PoDojo.com. Catherine has over twenty years of experience in complex product development. Her focus is on product discovery and delivery using design thinking, agile methods, agile R&D, and managing organizational agile transitions, fostering change to build speed and flexibility in business. Her specialty is accelerating innovation by enabling agile methods. She helps small startups as well as large enterprises to inspect and adapt, to evolve and improve, to deliver the right thing, and to delight their customers.