FEATURES OF THE MECHANISM OF STRATEGIC COST MANAGEMENT OF AN ENTERPRISE
Journal Title: Інноваційна економіка - Year 2017, Vol 69, Issue 5
Abstract
Purpose. The aim of the article is to study features of the mechanism of strategic cost management of an enterprise in competitive conditions. For this, it is necessary to determine the main constituent elements of the mechanism and to characterize their significance in the process of implementing strategic cost management at enterprises in current economic conditions. Methodology of research. Scientific works of foreign and domestic scientists on strategic cost management are the theoretical basis of the research. The article uses scientific methods of analysis and synthesis to examine the essence of mechanism of strategic cost management, structural and logical methods to determine the basic elements of the mechanism of strategic cost management, a graphic method to illustrate the mechanism of strategic cost management of the enterprise, etc. Findings. The article suggests the author understands of the mechanism of strategic cost management of the enterprise and its constituent elements. It considers principles that are necessary in the process of strategic cost management. It determines main methods for studying enterprise environment, methods of cost management and the means necessary for effective practical implementation of this mechanism. Originality. The study offers the author’s approach to understanding the mechanism of strategic cost management of the enterprise, defines the main constituent elements of this mechanism and their significance in the process of strategic cost management. Practical value. The results of the research aim to improve the process of strategic cost management and can be used for forming the mechanism of strategic cost management of domestic enterprises in the current economic conditions.
Authors and Affiliations
Nataliia Kostetska
Keywords
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