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Where companies have focused their cost‐control efforts

Publication year - 2003

Publication title -

journal of corporate accounting and finance

Language(s) - English

Resource type - Journals

eISSN - 1097-0053

pISSN - 1044-8136

DOI - 10.1002/jcaf.10170

Subject(s) - term (time) , recession , balance (ability) , momentum (technical analysis) , control (management) , medium term , focus (optics) , business , economics , operations management , industrial organization , finance , macroeconomics , management , psychology , physics , quantum mechanics , neuroscience , optics

As the economy builds momentum after several years of recession, the trick to controlling costs becomes tobalance the need for long‐term growth against keeping a rein on costs required to achieve short‐ andmedium‐term goals. This balancing act requires a shift from short‐term cost control to along‐term focus, as this article discusses. © 2003 Wiley Periodicals, Inc.

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