Since 2014
Effect of Cost Control and Cost Reduction Techniques in Organizational Performance
International Business and Management
View Archive Info| Field | Value | |
| Title |
Effect of Cost Control and Cost Reduction Techniques in Organizational Performance
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| Creator |
Akeem, Lawal Babatunde
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| Subject |
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Organization; Cost control; Cost reduction; Performance; Profit; Budget — |
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| Description |
In any organization, the major objective is to maximize profit, but the main constraints facing them are the rise in cost of operation. Due to this, the cost of production increases and could lead to certain cost control and cost reduction which make it complex for many organizations to operate as well organized cost limit of knowledge. The study aims to critically examine and evaluate the application of cost control and cost reduction in organizational performance and also to review the budget as an effective tool of cost control and cost reduction. A descriptive survey research was adopted. A total number of 50 questionnaires were administered and used for the study. The analysis of data collected was undertaken by applying appropriate statistical tools. Regression analysis was used to test the hypothesis with the use of SPSS. Based on the findings, it was evident that cost control has a positive impact on organizational performance and also the style of management has a positive impact on organizational performance.
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| Publisher |
Canadian Research & Development Center of Sciences and Cultures
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| Contributor |
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| Date |
2017-06-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.cscanada.net/index.php/ibm/article/view/9686
10.3968/9686 |
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| Source |
International Business and Management; Vol 14, No 3 (2017): International Business and Management; 19-26
1923-8428 1923-841X |
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| Language |
eng
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| Relation |
http://www.cscanada.net/index.php/ibm/article/view/9686/pdf
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| Coverage |
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| Rights |
Copyright (c) 2017 Lawal Babatunde Akeem
http://creativecommons.org/licenses/by/4.0 |
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