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Where companies have focused their cost-control efforts

✍ Scribed by IOMA (Institute of Management and Administration)


Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
71 KB
Volume
14
Category
Article
ISSN
1044-8136

No coin nor oath required. For personal study only.

✦ Synopsis


Abstract

As the economy builds momentum after several years of recession, the trick to controlling costs becomes to
balance the need for long‐term growth against keeping a rein on costs required to achieve short‐ and
medium‐term goals. This balancing act requires a shift from short‐term cost control to a
long‐term focus, as this article discusses. © 2003 Wiley Periodicals, Inc.