Designing and elements of a cost management system

Type :

Presentation

Pages :

10 pages

Format :

.doc

Published date :

11/25/2008

Category :

Business & market

Sub category :

Business strategy

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Summary :

Introduction.
Organizational form, structure, and culture.
1. The most popular form for large publicly traded businesses.
2. Organizational form.
3. Designing the organizational structure.
Organizational mission and core competencies.
1. Pursuing the business mission.
2. The globalization of markets.
Competitive environment and strategies.
1. The cost management implications.
2. Implication of the changing cost structure.
3. Time-to-market.
Elements of a cost management system.
1. Motivational elements.
2. Profit sharing.
3. Informational elements.
4. Reporting elements.
Conclusion.

Abstract

An entity's legal nature reflects its organizational form. Selecting the organizational form is one of the most important decisions business owners make. This choice affects the costs of raising capital, operating the business (including taxation issues), and, possibly, litigating. The available organizational form alternatives have increased remarkably in recent years.The most popular form for large, publicly traded businesses is the corporation. However, smaller businesses or cooperative ventures between large businesses also use general partnerships, limited partnerships, limited liability partnerships (LLPs), and limited liability companies (LLCs). These latter two forms have recently emerged due to new federal, state, and international legislation. Both the LLP and LLC provide more protection for a partner's personal assets than a general partnership in the event of litigation that leads to firm liquidation. Accordingly, LLPs and LLCs may offer better control for legal costs than general partnerships.