TRADITIONAL AND ENTREPRENEURIAL COST MANAGEMENT

Doctor of Economics, Professor at Omsk F.M. Dostoevsky State University
Russian Federation


Abstract

The article deals with the theoretical and methodological aspects of traditional and entrepreneurial cost management in production and business structures. The holistic view on the issue of developing the methodology to research the traditional and entrepreneurial cost management within the framework of innovative economy is presented. The concepts of costs, expenses and expenditure with relevance to business entities are theoretically grounded. The meaning of entrepreneurial cost management, its basic parameters are investigated and theoretically grounded; the specific features and characteristics of entrepreneurial cost management are identified and substantiated. The article specifies the selection criteria for entrepreneurial cost management tool base and gives evidence to applying the functional approach when grounding the concept of entrepreneurial management costs. The key features of entrepreneurial cost management are revealed, and the comparative characteristics of traditional cost management and entrepreneurial cost management are presented. The criteria for developing entrepreneurial cost management are substantiated.

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