THE IMPACT OF COST MANAGEMENT ON ORGANIZATIONAL CHANGE
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
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- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
THE IMPACT OF COST MANAGEMENT ON ORGANIZATIONAL CHANGE
This study investigates the impact of cost management on organizational change, focusing on: (1) the role of cost management in facilitating organizational change; (2) the benefits of effective cost management for change initiatives; (3) the challenges in integrating cost management with organizational change. A survey research design is used to gather quantitative data. Taro Yamane's formula is applied to derive a sample size of 300 respondents from Kaduna, representing a range of industries undergoing significant changes. A healthcare organization is chosen as the case study due to the frequent changes and cost management needs in the sector. The reliability coefficient score for the survey instrument is 0.86. Findings indicate that effective cost management supports organizational change by providing financial stability and enabling the allocation of resources for change initiatives. However, challenges include resistance to change and the complexity of aligning cost management with change processes. It is recommended that organizations develop integrated cost management and change management strategies, provide training for managers, and communicate the benefits of cost management in supporting change to all stakeholders.
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