Insights into Managerial Tools Related to Cost Management in Slovenian Companies

Global competitive pressures have made companies focus increasingly on the cost management that has always been a basic component of any successful business strategy. Consequently, many companies are now adopting new cost management philosophies and techniques (in the paper referred to as “contemporary cost management concepts” and abbreviated as “CCMCs”), and shifting away from traditional cost accounting techniques. The purpose of the paper is to emphasize the importance of the use of CCMCs in companies facing the rapidly changing business environment, in particular companies in transitional economies. The paper provides final results of an extensive research conducted in 264 Slovenian companies. This research aimed to answer whether there is a common understanding and using of CCMCs among Slovenian companies, whether there is relationship between size of the company and use of CCMCs, and whether the use of CCMCs affects the performance of companies