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Advances in Applied Economic Research pp 239–254Cite as

Strategic Management of Costs: A New Tool to Gain Competitive Advantage

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Abstract

In a dynamic business environment that includes rapid change, the powerful extension of technological development, increased competition, globalization, market segmentation, unsustainable demand, the importance of information, and changing business processes, cost management has become more critical, dynamic, and necessary than ever before. In order to rescue itself from the claws of competition today, every firm must achieve a competitive advantage. Managers need to think competitively and devise and execute an effective strategy. The selection and implementation of an appropriate competitive strategy are the keys to both the short-term and the long-term success of the firm. The purpose of this study is to identify and empirically test the role of cost management tools in achieving the strategic objectives of Kosovo firms.

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Authors and Affiliations

  1. Asistence Accounting and Finance Department, University of Peja, Haxhi Zeka, 70. Qamil Hoxha Str. 4-1, Prishtinë, 10000, Republic of Kosovo

    Vlora Berisha

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  1. Vlora Berisha
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Correspondence to Vlora Berisha .

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Editors and Affiliations

  1. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Nicholas Tsounis

  2. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Aspasia Vlachvei

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Berisha, V. (2017). Strategic Management of Costs: A New Tool to Gain Competitive Advantage. In: Tsounis, N., Vlachvei, A. (eds) Advances in Applied Economic Research. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-48454-9_17

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