Strategic cost management: preliminary lessons from European companies
Entrepreneurial drive, technology, and productivity are three characteristics which give many European companies a role of worldwide importance. This article describes strategic cost management within the framework of strategic management reflecting the current European approach. The conclusion is that at present European companies: (1) are making core competencies the guiding ideas of their strategies, and (2) are striving aggressively to increase their value, first by reengineering practices, and second by "inventing" new markets and satisfying all stakeholders, not only the shareholders, better and quicker than the competitors or other reference companies are able to do.
A LITERATURE REIEW OF TARGET COSTING IN SSCI AND SCI&SCI-EXPANDED INDEXES
Target costing as a cost management and profit planning system is used by many competitive firms since 1970s. Although the concept is simple, the implementation needs an extensive collaboration inside and outside of the organization. In contrast, many organization managers think that target costing is just related with accounting and finance staff. Our study aims to review the literature of this important concept; target costing by examining 41 English articles published in SSCI and SCI&SCI-Expanded between 1985-2008. The study aims to briefly explain the content of each article to show the reader what has accomplished so far.
Sustainable production of toxin free marine microalgae biomass as fish feed in large scale open system in the Qatari desert.
Mass cultivation of microalgae biomass for feed should be cost effective and toxin free. Evaporation loss in Qatar can be as high as 2 cm/d. Hence, production of marine microalgae biomass in Qatar would also require mitigating water loss as there was only very limited groundwater reserve. To address these issues, a combination of four growth conditions were applied to a 25,000 L raceway pond: locally isolated microalgae strain was selected which could grow in elevated salinity; strain that did not require silica and vitamins; volume of the culture would increase over time keeping denser inoculum in the beginning, and evaporation water loss would be balanced by adding seawater only. A local saline tolerant Nannochloropsis sp. was selected which did not require silica and vitamins. When the above conditions were combined in the pond, average areal biomass productivities reached 20.37 g/m(2)/d, and the culture was not contaminated by any toxic microalgae.