Język Polski
English
Published
:
2010-06-30
Budgeting for Strategic cost Management in Insurance Company
Magdalena Chmielowiec-Lewczuk
Abstract
Some factors are changing the way of thinking for managers of financial institutions including insurance. These factors are: European market, connections and relationships with other financial institutions, fast capital flow, many possibilities for investments and development in world economy. These factors are the determinants of changes in cost management process so the main aims of strategic cost management are: minimizing costs of financing insurance activity, application of methods for assessment profitability of bancassurance, preparation plans for cost reducing, especially for long-term and using managerial cost calculations for value based management. In all these areas there are places for budgeting which range is very wide. (original abstract)Keywords:
Budgeting, Strategic management, Costs management, InsurancesDetails
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Chmielowiec-Lewczuk, M. (2010). Budgeting for Strategic cost Management in Insurance Company. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 28(28). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1600