Harnessing the Power of Cost Control in Risk Management: Advantages and Benefits for Companies

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Sandro Tamborindegui
Sandro Tamborindegui

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GJHSS Volume 23 Issue E3

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Introduction-In today’s highly competitive and globalized business environment, it is essential for companies to maintain a strategic edge over their competitors. One of the most critical aspects of a successful business is effective cost management, particularly in the context of risk management. This essay will discuss the advantages and benefits of a company having deep control over product costs, focusing on its role in risk management. The objective is to provide insights into how cost control can be employed to manage risks and create a sustainable competitive advantage.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Sandro Tamborindegui. 2026. \u201cHarnessing the Power of Cost Control in Risk Management: Advantages and Benefits for Companies\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 23 (GJHSS Volume 23 Issue E3): .

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Improving organizational risk management strategies and benefits for companies through cost risk management insights.
Issue Cover
GJHSS Volume 23 Issue E3
Pg. 23- 24
Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: (LCC): HD61
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v1.2

Issue date

September 9, 2023

Language

English

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Introduction-In today’s highly competitive and globalized business environment, it is essential for companies to maintain a strategic edge over their competitors. One of the most critical aspects of a successful business is effective cost management, particularly in the context of risk management. This essay will discuss the advantages and benefits of a company having deep control over product costs, focusing on its role in risk management. The objective is to provide insights into how cost control can be employed to manage risks and create a sustainable competitive advantage.

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Harnessing the Power of Cost Control in Risk Management: Advantages and Benefits for Companies

Sandro Tamborindegui
Sandro Tamborindegui

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