Identification of Differences in Individual Management Approaches to Cost Reduction in Businesses

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F12%3A%230002020" target="_blank" >RIV/47813059:19520/12:#0002020 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Identification of Differences in Individual Management Approaches to Cost Reduction in Businesses

Popis výsledku v původním jazyce

Most of the management disciplines are currently directed mainly at corporate performance, where we can identify a myriad of approaches to reduce costs by focusing on processes. One of these basic approaches is lean management that deals with the aspectratio of business processes, focusing only on activities that are needed and deliver the required performance. Equally important and used in business practice is strategic cost management, which has become a common part of management practice and represents both the control and reduction for both variable and fixed costs. In contrast, cost cutting is a sudden or onetime cost reduction, which is used especially in the period of instability and in the short term it brings a significant effect that helps get the company back to a stabilized level. In the long run, however, it can bring about unpredictable consequences due to a lower quality of goods or services, thus reducing performance. This paper presents a comparison of these three app

Název v anglickém jazyce

Identification of Differences in Individual Management Approaches to Cost Reduction in Businesses

Popis výsledku anglicky

Most of the management disciplines are currently directed mainly at corporate performance, where we can identify a myriad of approaches to reduce costs by focusing on processes. One of these basic approaches is lean management that deals with the aspectratio of business processes, focusing only on activities that are needed and deliver the required performance. Equally important and used in business practice is strategic cost management, which has become a common part of management practice and represents both the control and reduction for both variable and fixed costs. In contrast, cost cutting is a sudden or onetime cost reduction, which is used especially in the period of instability and in the short term it brings a significant effect that helps get the company back to a stabilized level. In the long run, however, it can bring about unpredictable consequences due to a lower quality of goods or services, thus reducing performance. This paper presents a comparison of these three app

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

ECON´12 JOURNAL OF ECONOMICS, MANAGEMENT AND BUSINESS

ISSN

1803-3865

e-ISSN

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Svazek periodika

3

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

16-27

Kód UT WoS článku

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EID výsledku v databázi Scopus

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