Penny-Wise Acumen in Costonomics: Transforming Costs into Entrepreneurial Gold Through Smart Financial Management DOI Open Access
Enkeleda Lulaj

Journal of risk and financial management, Journal Year: 2024, Volume and Issue: 18(1), P. 9 - 9

Published: Dec. 28, 2024

This research demonstrates that penny-wise acumen in costonomics can lead to significant financial gains, transforming costs into entrepreneurial gold for enterprises. The study aims explore how effective management, through the application of cost management factors, convert opportunities and drive long-term business sustainability. utilized exploratory confirmatory factor analysis (EFA CFA), along with reliability (Cronbach’s alpha), employing SPSS AMOS software examine relationships between critical factors. findings reveal strong correlations among these each playing a vital role optimizing efficiency enhancing performance. Cost Management Effectiveness (CME) emphasizes clear structures, supplier evaluations, overall control. Strategic (SCM) focuses on identifying drivers benchmarking against industry standards uncover reduction opportunities. Optimization Mastery (COM) involves monitoring production assessing quality ensure stability, while Policy (CMP) stresses importance robust policies employee engagement controlling costs. Lastly, Vigilance (CMV) highlights need active variable overhead maintain discipline. underscores businesses manufacturing, hospitality, commercial sectors successfully leverage practices foster competitive entrepreneurship sustainable growth. Future studies should emerging technologies new strategies profitability

Language: Английский

Defeating the Dark Sides of FinTech: A Regression-Based Analysis of Digitalization’s Role in Fostering Consumers’ Financial Inclusion in Central and Eastern Europe DOI Creative Commons
Mirela Panait, Simona Andreea Apostu, Iza Gigauri

et al.

Risks, Journal Year: 2024, Volume and Issue: 12(11), P. 178 - 178

Published: Nov. 11, 2024

Financial technologies metamorphose economies with customer-focused innovation. In this way, financial inclusion is fostered and economic growth increased. However, risks, trust issues, ethical concerns stem from the faster advancement of digital expanding Thus, paper aims to understand risks barriers associated FinTech consumer adoption, focussing on impact digitalization products/services’ acceptance. The research investigates services recognition role played in global economy by FinTech. For reason, regression analysis was used explore influence correlation various variables Central Eastern European (CEE) countries, such as Internet usage, online shopping, paying bills via Internet, making receiving payments. results show differences between three clusters CEEs terms adoption. While several past studies have explored advantages FinTech, few investigated its trust, usage different country contexts. present fills gap analysing data sending or payments CEE countries. study recommends that companies share information not only their offerings users, but also promote education through clear straightforward communication about features services. This approach can indirectly benefit society contributing development, inclusion, social stability, and, consequently, sustainable development.

Language: Английский

Citations

0

Penny-Wise Acumen in Costonomics: Transforming Costs into Entrepreneurial Gold Through Smart Financial Management DOI Open Access
Enkeleda Lulaj

Journal of risk and financial management, Journal Year: 2024, Volume and Issue: 18(1), P. 9 - 9

Published: Dec. 28, 2024

This research demonstrates that penny-wise acumen in costonomics can lead to significant financial gains, transforming costs into entrepreneurial gold for enterprises. The study aims explore how effective management, through the application of cost management factors, convert opportunities and drive long-term business sustainability. utilized exploratory confirmatory factor analysis (EFA CFA), along with reliability (Cronbach’s alpha), employing SPSS AMOS software examine relationships between critical factors. findings reveal strong correlations among these each playing a vital role optimizing efficiency enhancing performance. Cost Management Effectiveness (CME) emphasizes clear structures, supplier evaluations, overall control. Strategic (SCM) focuses on identifying drivers benchmarking against industry standards uncover reduction opportunities. Optimization Mastery (COM) involves monitoring production assessing quality ensure stability, while Policy (CMP) stresses importance robust policies employee engagement controlling costs. Lastly, Vigilance (CMV) highlights need active variable overhead maintain discipline. underscores businesses manufacturing, hospitality, commercial sectors successfully leverage practices foster competitive entrepreneurship sustainable growth. Future studies should emerging technologies new strategies profitability

Language: Английский

Citations

0