ABSTRACT
THE ROLE OF COST ANALYSIS IN STRATEGIC DECISION-MAKING
This study investigates the role of cost analysis in strategic decision-making by addressing: (1) the impact of cost analysis on strategic planning; (2) the benefits of cost analysis for resource allocation; (3) the challenges in conducting comprehensive cost analysis. A survey research design is employed to collect quantitative data. Taro Yamane's formula is used to derive a sample size of 320 respondents from Lagos, representing various business sectors. A financial services firm is selected as the case study due to the critical importance of cost analysis in financial decision-making. The reliability coefficient score for the survey instrument is 0.88. Findings indicate that cost analysis significantly influences strategic decision-making by providing detailed insights into cost structures and resource utilization. Techniques such as break-even analysis, variance analysis, and scenario planning are highlighted. It is recommended that businesses integrate cost analysis into their strategic planning processes, invest in analytical tools and training, and regularly review and update their cost analysis methods to support informed decision-making.
EXCERPT FROM THE STUDY
This concept may have multiple conceptualizations, references and even different ways to measure,...
The focus of the study is to examine network restriction to twitter platform: a bridge to fundamental rights of Nigerian citizens...
ABSTRACT: THE ROLE OF SOCIAL MEDIA IN SHAPING THE BUSINESS ENVIRONMENT
This research a...
Abstract
Despite an impressive level of privatization activity across Africa and the upsurge in search of the operating performance of pr...
ABSTRACT
The main focus of this study is to examine the effect of merger and acquisition on...
ABSTRACT
This research work the effect of secretarial manpower is divided into five chapters, each chap...
BACKGROUND OF STUDY
According to Chang, K. T. (2008), Geographic Information Retrieval System (GIRS) is a system designed to capture, sto...
Abstract
The study investigated the Application of Internet for service delivery in some selected special libraries in Kaduna state. The...
ABSTRACT
Spectrum is a vital requisite for growth enhancement in this Digital Economy, and the efficient way of managing the use of the s...
ABSTRACT
The subject matter of this study is to carefully evaluate the use of tenders in the public sector procurement....