Examining the impact of uncertainty on business performance via strategic cost management adoption and implementation: the case of agro-based industries in and around Punjab, India
- Title
- Examining the impact of uncertainty on business performance via strategic cost management adoption and implementation: the case of agro-based industries in and around Punjab, India
- Creator
- Aggarwal R.; Verma T.; Aggarwal A.; Sharma V.; Balusamy B.; Grima S.
- Description
- Dynamic business environments require a change to survive. Strategic cost management (SCM) must re-conceive its future as new, improved, or reformed under opportunities and tough demands. Traditional cost management may not be adaptable to business turbulence. Increasing shareholder and customer demand, rapid information and technology improvements in manufacturing, and worldwide market rivalry with antiquated tools can be difficult. SCM goes beyond cost reduction and includes revenue generation and competitive advantage. This article examines the relationship between adopting and applying SCM approaches and company success in agro-based industrial businesses. Empirical survey data from agro-based industrial companies in Punjab were analysed using multivariate data analysis. According to contingency theory, size, technology, total productivity maintenance, strategy, and organisation culture are factors related to strategic cost management. All dependent factors, including control variable size, favourably affected SCM acceptance and utilisation, which has a pragmatic effect on agro-based businesses. SCM utilisation also mediated performance. 2025 Inderscience Enterprises Ltd.
- Source
- International Journal of Business Performance Management, Vol-26, No. 1, pp. 104-129.
- Date
- 2025-01-01
- Publisher
- Inderscience Publishers
- Subject
- business performance; customer satisfaction; India; manufacturing industry; organisational culture; return on investment; return on sales; strategic cost management; technology; total productivity maintenance
- Coverage
- Aggarwal R., Chitkara Business School, Chitkara University, Punjab, India; Verma T., Chitkara Business School, Chitkara University, Punjab, India; Aggarwal A., Chitkara Business School, Chitkara University, Punjab, India; Sharma V., Computer Science Department, CHRIST (Deemed to be University), Delhi-NCR, India; Balusamy B., Shiv Nadar University, Gautam Budh Nagar, Delhi-NCR, India; Grima S., Department of Insurance and Risk Management, Faculty of Economics Management and Accountancy, University of Malta, Malta, Faculty of Business Management and Economics, University of Latvia, Latvia
- Rights
- Restricted Access
- Relation
- ISSN: 13684892
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Aggarwal R.; Verma T.; Aggarwal A.; Sharma V.; Balusamy B.; Grima S., “Examining the impact of uncertainty on business performance via strategic cost management adoption and implementation: the case of agro-based industries in and around Punjab, India,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/12566.