Purchase Solution

Is it a wise strategy to minimize the cost of the process?

Not what you're looking for?

Ask Custom Question

"If every manager minimizes the cost of the process he or she supervises, overall costs of the company will decrease."

Would this be a wise strategy, Why or why not?

Purchase this Solution
Solution Summary

A discussion about whether it is always a wise strategy to minimize the cost of a process.

Solution Preview

Although it is a wise strategy to minimize the cost of a process when possible, it is also necessary to look at sacrificed opportunities because of that minimization. In other words, there are both explicit costs and ...

Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

View More Free Quizzes
Related BrainMass Solutions

  • Risk management programs are implemented to prevent adverse

    A second strategy the company can take is to identify areas where the company has sustained losses, and evaluate why the losses were sustained.

  • Accounting Information Systems Benefits and Costs

    Operations department will get information on inventory costs, on raw material supplies, monitoring of the productivity of the employees. Hence AIS is a back bone and it must be aligned with the organizational goals.

  • Accounting information systems

    Segment report: Customer wise and Region wise and the comparison. This report can be made monthly. INFORMATION TECHNOLOGY DEPARTMENT The first process any company automates is the accounting process.

  • Interest groups which agency's programs affect, for example

    An example of this strategy includes: padding the budget Person who views the budget process as a mix between analysis and politics Budget officers cannot legally over-obligate or permit an agency to spend more than has been allocated by OMB apportionment

  • The Role of Accounting Information Systems (AIS) in Achieving Organizational Objectives

    Segment report: Customer wise and Region wise and the comparison. This report can be made monthly. INFORMATION TECHNOLOGY DEPARTMENT The first process any company automates is the accounting process.

  • Global Sourcing

    It might be wise to set up an agreement should the currency fluctuate during the process of business. Along with the differences in currency between countries, is the difference in laws.

  • Marketing Plan for new Apple product: product, pricing & distribution

    In order to distribute the a car radio, the use of in-direct channel will be the best option for the company, as it will minimize the cost of hiring extra persons for the supervision of the transportation activities.

  • CPA Vision Memo

    Segment report: Customer wise and Region wise and the comparison. This report can be made monthly. INFORMATION TECHNOLOGY DEPARTMENT The first process any company automates is the accounting process.

  • OPERATION MANAGEMENT (JIT concepts)

    Ans. 1: JIT and Lean processing affect managerial decision-making in Dell Just-in-time is an inventory management strategy that is aimed to monitor the inventory process in order to minimize the cost of the inventory control and maintenance.

View More Related Solutions