Strategic Management of Costs: A New Tool to Gain Competitive Advantage

Berisha, Vlora

doi:10.1007/978-3-319-48454-9_17

Cited by 12 publications

(19 citation statements)

References 10 publications

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“…In today's highly competitive environment, there is an urgent need to calculate costs and revenues accurately so that companies can survive and ensure long-term profitability (Berisha, 2017;Ganorkar et al, 2020). Calculating the cost of products and services, however, remains a difficult exercise to ensure that costs do not exceed market prices.…”

Section: Discussionmentioning

confidence: 99%

“…Simon (1971:40-41) In today's competitive business environment, cost accounting systems must provide accurate information to managers so that they can make well-grounded decisions without negative impacts on the quality of products and services (Ganorkar et al, 2020;Hardan and Shatnawi, 2013;Zamrud and Abu, 2020). Without accurate cost accounting, managers cannot balance incomes and costs to sustain the endeavors of projects and govern organizations, firms, and even whole economies (Berisha, 2017;Ganorkar et al, 2020;Hardan and Shatnawi, 2013). Cost management is crucial for both for-profit and not-for-profit organizations that aim to be competitive and cost efficient (Hofmann and McSwain, 2013;Stouthuysen et al, 2014;Varila et al, 2007).…”

Section: Introductionmentioning

confidence: 99%

“…Cost management is crucial for both for-profit and not-for-profit organizations that aim to be competitive and cost efficient (Hofmann and McSwain, 2013;Stouthuysen et al, 2014;Varila et al, 2007). Although the importance of cost accounting is beyond reasonable doubt, studies have shown that understanding cost structures and dynamics and cost assessments is not a trivial task for accountants and managers (Berisha, 2017;Hardan and Shatnawi, 2013;Uyar and Kuzey, 2016).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

Pashkevich

Schéele

Haftor

2023

Technological Forecasting and Social Change

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

Pashkevich

Schéele

Haftor

2023

Technological Forecasting and Social Change

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“…In the strategic and tactical field, it is necessary to advance the use of techniques already established in other economic sectors, such as cost management, recognized as one of the elements that form competitive advantage. Similar conditions to these, such as a dynamic business environment, high technological development, market segmentation, have driven companies in Kosovo to change cost management to a strategic focus, and have allowed many to start to generate competitive advantage (Berisha, 2017). Nevertheless, it is worth remembering that cost management is an important source for the generation of indicators, which should always be present in the analysis of organizations, assisting in the implementation and improvement processes, identifying goals, controlling processes and verifying results (Müller, 2003).…”

Section: Introductionmentioning

confidence: 97%

Proposition of New Cost Management Models Applied to Agribusiness

Fantato¹,

Carraro²,

Bianchini³

et al. 2021

IJAERS

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The conscientious use of information about costs must be a constant practice by entrepreneurs, however, there are countless ways of working with them, determined as a costing method. These costing methods allow a more conscious decision-making, making its users aim to gain competitive advantages. This research demonstrated the importance of costing methods, demystifying and breaking possible paradigms regarding their use by agribusiness, more specifically in agriculture, in the condition of the from inside the gate, which is a peculiar term used in the agribusiness chain to refer to those who is dedicated to planting, handling, harvesting and processing. The applied methodology was the simulation in a case study carried out on a farm located between the state of Sao Paulo and Parana, Brazil, with an area of 380 ha, for the 2019/2020 soybean harvest. The comparison was made between the costing methods by absorption, variable and production effort unit (PEU), where the latter were adapted to a condition of mono production, demonstrating that this is one of the contributions of this work, however, the most important, is that it was possible to identify that this method could be a precursor in the generation of competitive advantages for its users if used systematically, allying with its results the search for the cause and effect in the generation and consumption of resources used in production.agribusiness and all its productive chains (Silva et al., 2010).According to the 2017 Census of Agriculture, there are more than five million agricultural establishments in Brazil, which means that the sector generates more than 20 million jobs, half of them coming directly from the family farming sector. In addition, agribusiness is responsible for the largest contribution of Brazilian GDP, as already described (IBGE, 2017). Callado and Callado (1999), already stated that cost management is one of the most relevant administrative aspects for a sector, however, it reveals that after decades the agribusiness sector still Marcella Fernanda Fantato et al.

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“…When making strategic decisions about the actual implementation of research and development, long-term investments, purchases of services or products, or their own implementation, etc., it is necessary to have appropriate tools and techniques of strategic management accounting SCM (Berisha, 2017;El-Dyasty, 2007). Focus on optimization of the costs for future processes in the pre-production stages during investment decision-making phase can help create a solid foundation for these processes, which will not be subject to additional significant changes.…”

Section: Introductionmentioning

confidence: 99%

Cost Calculation in Research and Development of New Validation Methods

Zahorska¹,

Munzarová²,

Košťálová³

2021

Hradec Economic Days

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In this paper, we focus our attention primarily on management tools and techniques that could be applied in the pre-production stage of the production process, respectively in the R&D stage. Attention is focused on Strategic cost management and its tools in R&D. Innovations and R&D are necessary for business to build competitive advantage, but looking closer at R&D activities, we could see constantly increasing costs, the costs of professional staff, instrumentation, aids, etc. So, it is appropriate to find and apply proper management methods, tools and techniques of strategic cost management. This article is based on the results of research dealing with the cost analysis of a newly developed method for the toxicity testing of nanomaterials. For the purposes of analysis and cost calculation, one of the newly developed validation methods for determining the toxicity of nanomaterials was selected. In the conditions of laboratory research, it was found that mainly activities are the main cost object for cost calculations. It seems advantageous to use the Activity Based Costing method for managing or determining the costs at R&D laboratories or for cost calculations of the newly developed methods.

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Strategic Management of Costs: A New Tool to Gain Competitive Advantage

Cited by 12 publications

References 10 publications

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

Proposition of New Cost Management Models Applied to Agribusiness

Cost Calculation in Research and Development of New Validation Methods

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