Strategic Cost Management in the Life Insurance Industry: A Comparative Study

Authors

  • Furquan Uddin BHU, Varanasi

DOI:

https://doi.org/10.33516/maj.v49i1.34-39p

Abstract

The author discovers that private insurers have procured market share by increasing the management expenses in general and Operating expenses in particular. LIC, on the other hand, has shown its economical and efficient nature. In the present epoch of volatile changes in business environment organisations confront complexities in managing the business affairs. In order to tackle such challenges organisation endeavour to apply newer, better and effective approaches viz. total quality management, employee involvement and empowerment, business process reengineering, continuous improvement and others.

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Published

2014-01-01

How to Cite

Uddin, F. (2014). Strategic Cost Management in the Life Insurance Industry: A Comparative Study. The Management Accountant Journal, 49(1), 34–39. https://doi.org/10.33516/maj.v49i1.34-39p

Issue

Volume 49, Issue 1, January 2014

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

References

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