Technical Staff Motivation in Nigeria: A Strategic Imperative

Ogbo, Ann; Orga, Christopher Chukwudi; Ukpere, Wilfred I.

doi:10.1007/978-3-642-38279-6_14

Cited by 1 publication

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“…Some studies do not pay attention to cost allocation methods, giving general review of CVP analyses and break-even calculations [9]. The practical application of breakeven analysis in production planning and control in different countries is presented by other authors [10], but the problem of overheated costs as usual is out of consideration. M. Potkanya and L. Krajcirova [11] supposed to calculate break-even point of each product line as product line revenue in total company revenue, divided by average selling price of the product, multiplied to BEP of Company.…”

Section: Introductionmentioning

confidence: 99%

Scientific approach to quantitative measurement and economic processes research in corporate management

et al. 2021

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Theoretical and methodological studies of quantitative measurement problems of the outcome economic indicators in corporate management are examined in the article. The author’s vision of scientific exploration as one of the corporate management optimization directions is offered and the basis of such direction as profit margin calculation methodology is presented. It is also suggested to solve problems of quantitative measurement of basic economic processes by using allocation of fixed costs in proportion to profit margin. The methodological basis for evaluating cost-effectiveness with the help of profit margin ratio is developed by the authors. It was revealed that fixed costs are the conditions for doing business and the functional purpose of profit margin is the fixed costs coverage. It is proved that in case of multi-assortment production one of the most effective corporate management approaches to cost estimation and pricing is the profit margin concept provided in this article. One of the advantages of proposed profit margin concept is the availability of special tools revealing the resources that allow covering fixed costs and generating profit with a given level of cost-effectiveness. The obtained results of further adoption can be applied as element of corporate management of manufacturing companies and enterprises in conditions of multi-assortment production and changeable economic environment

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Section: Introductionmentioning

confidence: 99%