STRATEGIC COST ANALYSIS AND CONTROL: TECHNIQUES FOR ENHANCING ORGANIZATIONAL EFFICIENCY AND PROFITABILITY OF HERO MOTO CORP LTD

Abstract

Strategic cost analysis and control play a vital role in improving organizational efficiency and profitability in today’s competitive business environment. This study examines various cost analysis techniques and control mechanisms that enable organizations to identify cost drivers, optimize resource utilization, and strengthen financial performance. The research focuses on strategic tools such as activity-based costing, variance analysis, budgeting, and cost–volume profit analysis, which help managers make informed financial and operational decisions. The study highlights how effective cost control systems can reduce unnecessary expenditures, enhance productivity, and support long-term strategic planning. By analyzing cost structures and monitoring deviations from planned budgets, organizations can implement corrective measures to maintain financial stability and operational efficiency. Furthermore, the research emphasizes the importance of integrating modern cost management practices with organizational strategies to achieve sustainable growth