Extending Our Company’s System of Cost Control to the Insourcer

Dimitris N. Chorafas

Chapter 12 in Outsourcing, Insourcing and IT for Enterprise Management, 2003, pp 265-289 from Palgrave Macmillan

Abstract: Abstract The new economic theory which has come with globalising and deregulation represents a significant evolution of the old theory’s algorithm that profit equals short-term income minus cost. The main difference lies in a polyvalent approach to the definition of cost and of the act of costing. Down to its fundamentals, cost is not monolithic. The distortion in its definition comes from the fact of looking at profit and loss on a ‘one-year’ basis, the old traditional way.

Keywords: Mutual Fund; Cost Control; Business Unit; Investment Bank; Enterprise Management (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50172-0_12

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DOI: 10.1057/9780230501720_12

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