Students develop their knowledge of fundamental business functions and processes, including management of human capital, marketing, operations, and finance, applying this knowledge to realistic business problems in a variety of organizational settings. WGUs accredited online business management program offers a respected, flexible, and affordable bachelors degree for professionals seeking career advancement. First, let's start off with a definition. Costcontainment strategies: the business practice of maintaining expense levels to prevent unnecessary spending or thoughtfully reducing expenses to improve profitability without longterm damage to the company. Why Is CostContainment The New Buzzword for HR and Healthcare? Rising healthcare costs have created a market for technology solutions. Leech, FCACIA, CCSA, CFE, MBA Tim J. Leech is the founder and CEO of CARDdecisions Inc. based in Mississauga, Ontario, Canada. Previously, Tim was the Managing Director of the Canadian subsidiary of Network Marketing Pricing Strategy. One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning. General Fund Enterprise Business System (GFEBS) is the US Army's webbased enterprise resource planning (ERP) solution that leverages commercial offtheshelf business enterprise software (SAP) to enable organizations to compile and share accurate, uptodate financial and accounting data across the entire active Army, Army Reserves and Army National Guard. The site about facility and maintenance management providing cost saving insights, product research, education, salary information, job postings, discussions and editorial interviews about building design, construction, management and maintenance. Explore Ashford University's online Business Administration degree courses and classes covering areas of management, leadership, and more. Syllabus Structure A Cost Management 20 B Strategic Cost Management Tools and Techniques 50 C Strategic Cost Management Application of Statistical Techniques in Business Decisions 30 Companies have only three options: attack, coexist uneasily, or become lowcost players themselves. None of them is easy, but the right framework can help you learn which strategy is most likely. Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the market place, competition, market condition, brand, and quality of product. ACCTACCT 2010 Financial AccountingIntroduces accounting with an emphasis on the relationships between business events and financial statements. The primary objective is to develop students who can explain how any given business event will affect the income statement, balance sheet, and statement of cash flows. This objective also includes an understanding of the accounting cycle. With extensive purchasing expertise our UK network of procurement management consultants can help to reduce your business expenditure in a range of sectors. Each one of the above strategies has a specific objective. For instance, a concentration strategy seeks to increase the growth of a single product line while a diversification strategy seeks to alter a firms strategic track by adding new product lines. For many organizations, qualityrelated costs go as high as 15 to 20 percent of their sales revenue, with some even going up to 40 percent of total operations. In this paper, we examine in detail 35 final assembly location decisions to gain understanding of the manufacturing location decision from strategy and economic policy perspectives. Cost Management: Strategies for Business Decisions [Ronald Hilton, Michael Maher, Frank Selto on Amazon. FREE shipping on qualifying offers. HiltonMaherSelto (HMS) addresses traditional cost concepts, but makes cost accounting functional by focusing on. Strategic Axis Offer targeted corporate business training, Management courses and professional business programs in UAE. Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two. Strategic decisions have major resource propositions for an organization. More significant, however, is how the phenomenon of rising costs can, over time, produce strategically relevant shifts in a companys cost structure and cost competitiveness. Operations management is a multidisciplinary field that focuses on managing all aspects of an organization's operations. The typical organization consists of the integration of many different functions, wrote Howard J. Gershon in Production and Operations Management. The two most obvious functions are to provide the product or service and to sell the product or service. The Marketing Mix (The 4 P's of Marketing) The major marketing management decisions can be classified in one of the following four categories: Product New web page: How to Design HalfCost Products The age shows nine categories of cost reduction ranging from 12 cost to 110 of the previous costs Each cost category has one to two hyperlinks that present the principles. How to Do Simple Cost Benefit Analysis. Cost benefit analysis is one of the ways business decision makers can avoid making poor strategic decisions in an unforgiving economic climate..