THE IMPACT OF COST CONTROL STRATEGIES FOR SUSTAINABILITY AND GROWTH
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract:
This research explores the impact of cost control strategies on sustainability and growth in Lagos State, Nigeria. The objectives are to: (1) assess how cost control strategies contribute to financial sustainability, (2) evaluate their impact on business growth and competitiveness, and (3) analyze the challenges of implementing effective cost control strategies. A survey design was employed to collect data from financial managers and business owners. The sample size, determined using Taro Yamane's formula, ensures statistical validity. Nestlé Nigeria Plc was chosen as the case study due to its extensive cost control measures. The reliability coefficient score of the survey was 0.91. Findings reveal that cost control strategies significantly enhance financial sustainability and business growth, improving competitiveness. However, challenges such as resource allocation and strategy implementation were noted. It is recommended that companies in Lagos State adopt comprehensive cost control strategies and provide training to ensure sustainability and growth.
Related Project Materials
An Appraisal of the Influence of Parenting Styles on Adolescent Mental Health: A Case Study of University of Ilorin Teaching Hospital, Kwara State
Background of the Study
Parenting styles play a significant role in shaping the mental...
An examination of credit risk management within Islamic finance
Background of the Study
Credit risk management is a pivotal aspect of banking, and in Islamic finance, it assumes distinct...
The Role of Auditors in Budget Execution Monitoring in Bassa Local Government Area
Background of the Study
Budget execution monitoring is crucial for ensuring that government funds are used efficiently a...
Evaluating the Impact of Climate Change on Development Policies in Nigeria
Background of the Study
Climate change has emerged as a defining challenge of the 21st century, with significant implicati...
THE INFLUENCE OF SUPPLY CHAIN TECHNOLOGY ON LOGISTICS EFFICIENCY
Abstract: THE INFLUENCE OF SUPPLY CHAIN TECHNOLOGY ON LOGISTICS EFFICIENCY
The objective of this research is to examine the influence of...
An Evaluation of Financial Transparency in PPP Arrangements: A Case Study of Lagos State Water Corporation
Background of the Study
Financial transparency is crucial for the success and sustainability of Public-Private Partnersh...
The impact of oil extraction activities on environmental health in Katsina State
Background of the Study
Oil extraction activities are known to have significant environmental and healt...
An examination of the impact of class repetition on students’ academic performance in secondary schools in Bade LGA, Yobe State
Background of the Study
Class repetition, often referred to as grade retention, has long been a contentious issue in the ed...
The impact of blockchain technology on forensic accounting in Nigeria: A case study of financial institutions
Background of the Study
Blockchain technology, a decentralized and distributed digital ledger, has gained significant at...
An Assessment of the Relationship Between Rising Temperatures and Heat-Related Illnesses in Kano State
Background of the Study
Global warming and the associated increase in temperatures have become central issues in public health research....
