TCM for Sustainable Performance Excellence

Abstract

There is an urgent need to re-discover powerful performance applications of Total Cost Management. The TCM approach combined with several cost and management tools and techniques has enormous potential to transform not only an individual business firm but also an entire industry. If TCM approach is quickly developed to make it embedded in the corporate management and decision-making system, it becomes proudly owned by everyone joyfully experiencing the benefits percolating throughout the firm and industry. TCM is an inclusive approach and not a stand-alone cost management technique. It is a way of life and culture seen in companies glowing with sustainable competitive advantage and performance excellence.