Meeting Competition through Strategic Cost Management: Glimpses of Applications

Authors

  • S. Suresh DMS Financial Services (P) Ltd., Chennai

DOI:

https://doi.org/10.33516/maj.v49i5.32-37p

Abstract

Strategising cannot be achieved by laying down a Standard Operating Procedure. There can be no strait-jacketed approach. The best results would accrue to that team that has the passion to bring about major improvements. Management of costs can be approached at two levels: Operational Management, and Strategic Management. Measuring the impact of such decisions is best done by seeing the impact on Earnings per share. Both Operational Management and Strategic Management impact EPS, but the effect that Strategic Cost Management has on EPS is much greater than that had by Operational Management.

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Published

2014-05-01

How to Cite

Suresh, S. (2014). Meeting Competition through Strategic Cost Management: Glimpses of Applications. The Management Accountant Journal, 49(5), 32–37. https://doi.org/10.33516/maj.v49i5.32-37p

Issue

Volume 49, Issue 5, May 2014

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

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