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Cost Control Strategy for the Implementation of the User Innovation Potential in the Digital Economy
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Author(s): Valentina Andreevna Khvostikova (Vilnius Gediminas Technical University, Lithuania), Elena M. Semionova (Russian State Social University – Minsk, Russia), Michael Vladimirovich Chernetsov (K. G. Razumovsky Moscow State University of Technologies and Management, Russia), Vardan Mkrttchian (HHH University, Armenia)and Irina Potapova (Astrakhan State Architecture and Construction University, Russia)
Copyright: 2018
Pages: 21
Source title:
User Innovation and the Entrepreneurship Phenomenon in the Digital Economy
Source Author(s)/Editor(s): Pedro Isaias (Information Systems and Technology Management School, The University of New South Wales, Australia)and Luísa Cagica Carvalho (Universidade Aberta, Portugal & Universidade de Evora, Portugal)
DOI: 10.4018/978-1-5225-2826-5.ch013
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Abstract
Currently there is a change of economic model associated with the transition from the stage of industrialization to the post-industrial economy. Emphasis shifts from production to the provision of services. In the digital economy, where the major resources required for the production of quality products are time and information, should be reconsidered the concept of cost management. The new paradigm of cost management should take into account the changes in the approaches to the management of material, labor and financial costs, and include approaches, tools and methods of cost management of resources, updated by digital post-industrial economy. Sectoral and territorial specifics of the process of change of economic model requires a strategic approach to cost management. The typology of costs, which provides optimal decision making in the implementation of the innovative capacity of the user is proposed by authors. Approaches to the formation and implementation of cost management strategies at the present time are developed.
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