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Author:Worthy, F.S.
Title:Japan's smart secret weapon
Journal:Fortune
1991 : AUG 12, No.16, p.48-51
Index terms:MANAGEMENT
COST FORECASTING
PRODUCT DEVELOPMENT
Language:eng
Abstract:Japan's most potent competitive weapon is its system of forecasting, monitoring , and interpreting costs. This cost- management system is unique in the world. It means that while most American and European companies first develop a new product and then calculate the cost, the Japanese start with a target cost and then direct designers to meet the target. This system encourages companies and managers to find the right answers to strategic questions.
SCIMA record nr: 99356
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