Sustainable Cost Management in Retail
Sustainable Cost Management in Retail
Author(s): Radojko LukićSubject(s): Business Economy / Management, Micro-Economics, Energy and Environmental Studies, Economic development, Accounting - Business Administration
Published by: EDITURA ASE
Keywords: revenue growth; cost reduction; risk reduction; green practices;
Summary/Abstract: The considerable improvement of performance in retail companies is a result of applying the concept of sustainable development. In the context of this, sustainable cost management is particularly seen as crucial factor in business success of retailers. With the development of "green practices" and according to the results of empirical research global retailers made substantial cost savings and thereby improved operating and financial performance. Sustainable cost management in retail has special significance in the economic crisis. It is quite understandable because of the fact that "cost reduction" is a primary way for the retailers to achieve the target performance.
Journal: Revista de Management Comparat Internațional
- Issue Year: 14/2013
- Issue No: 2
- Page Range: 268-280
- Page Count: 13
- Language: English