Bayou, Mohamed E.; Reinstein, Alan - In: Managerial Finance 24 (1998) 1, pp. 28-45
and explains three paths towards rational cost decrease: cost improvement, cost cutting and cost shifting. Emphasizes the … importance of cost improvement in a total cost management (TCM) programme and the other strategies which should support it, e … cost improvement into cost cutting or cost shifting but sees this as no more than a short‐term solution. …