The present state of globalization is creating a greater level of economic interdependence than the world has ever seen. The global economic power is now more distributed among the global companies which were once centered in a few industrialized nations. Now, companies are looking to achieve and sustain success in different ways, like serving customers, attracting talent, running operations and driving innovation. Shared Services is a notable option to companies ...
'Cost is a fact whereas pricing is a policy'. This cost leadership can be achieved out of operational control and cost control efforts. Activity-Based Costing is a technique used by many manufacturing enterprises to cut the cost flab by micro-detailing their activities and laying out plans appropriately. ABC uses the cost activators and cost controllers to enhance cost management in all business forms. In recent times, with the use of ERP systems, cost management ...
Today there are massive changes or shifts happening in the world. The major shifts are globalization, the rapid pace of change of technology, the creation of new markets in India and China, changing demographic profile of the world, changes in the regulatory regime and increased consumer power. These are creating opportunities for innovation, business and wealth creation and India is well placed to take advantage of these knowledge-driven opportunities and is now ...