| Issue |
SHS Web Conf.
Volume 115, 2021
Current Problems of the Corporate Sector 2021
|
|
|---|---|---|
| Article Number | 03009 | |
| Number of page(s) | 10 | |
| Section | Current Managerial Trends in the Corporate Sector | |
| DOI | https://doi.org/10.1051/shsconf/202111503009 | |
| Published online | 14 July 2021 | |
Strategic management tools and their application in innovation processes
University of Economics in Bratislava, Faculty of Business Management, Department of Business Economy, Dolnozemská cesta 1/b, 852 35 Bratislava, Slovak Republic
* Corresponding author: monika.rakova@euba.sk
The development of new technologies and innovation processes lead companies to improve their processes, resulting in new products all the time. Throughout the product life cycle, a firm incurs various costs related to the activities carried out in the pre-production, production and post-production phases. The essence of strategic management tools is to optimize costs throughout the product life cycle, focusing on the different stages. Such tools include target costing, kaizen and life cycle costing
© The Authors, published by EDP Sciences, 2021
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