Optimizing business efficiency through strategic cost management: a framework for profit maximization in smes

HIGHLIGHTS

  • What: The study shows consistent margin increases across sectors underscoring the framework`s adaptability. The aim of this paper is to present a structured framework for applying strategic cost management practices to improve business efficiency and profitability. By analyzing the challenges and benefits of implementing strategic cost management across different business types and regional contexts, this study aims to provide a versatile framework that can be adapted to various organizational needs and market conditions.
  • Who: hp from the Former Research Scholar, PG Department of Commerce, Magadh University, Bodh-Gaya, Gaya, (Bihar), India have published the . . .

     

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