The seven principles of effective cost management

doi:N/A

eISSN: 1848-137X / ISSN: None

Journal of Cost Management

Volume 15, Issue 2 : 40-44

Research Article

The seven principles of effective cost management

G. Elliott

Kepner-Tregoe, Inc., Princeton, NJ 08542, PO Box 704, United States

Abstract

■ The seven principles of cost management are founded on five basic tenets: an organization's cost structure is the direct result of specific past and current management decisions; complexity is a primary driver of organizational performance; effective and lasting change comes only as a result of significantly different decision making and involvement; organization performance is determined by the commitment to employee knowledge and experience; employee performance can be optimized only through a positive and balanced performance environment.

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All papers should be submitted electronically. All submitted manuscripts must be original work that is not under submission at another journal or under consideration for publication in another form, such as a monograph or chapter of a book. Authors of submitted papers are obligated not to submit their paper for publication elsewhere until an editorial decision is rendered on their submission. Further, authors of accepted papers are prohibited from publishing the results in other publications that appear before the paper is published in the Journal unless they receive approval for doing so from the Editor-In-Chief.

J. Cost Manag. open access articles are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. This license lets the audience to give appropriate credit, provide a link to the license, and indicate if changes were made and if they remix, transform, or build upon the material, they must distribute contributions under the same license as the original.

Recommended Articles