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2021 | OriginalPaper | Buchkapitel

8. Profit Driver: Cost

verfasst von : Hermann Simon

Erschienen in: True Profit!

Verlag: Springer International Publishing

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Abstract

Price and volume, the profit drivers that we discussed in detail in the previous two chapters, affect revenue, i.e. the top line.

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Vorheriges Kapitel Profit Driver: Sales Volume

Himme [1].

“Schuler strengthens international sites and reduces capacities in Germany,” press release, July 29, 2019.

Unless one can sub-lease the space, which is usually successful for attractive locations, or the lessor allows the lessee out of the contract, which can be likely when rents are increasing.

The liquidity can be impacted in such situations, however, due to tax effects.

To be precise, the elasticity is −6, because cost changes and profit changes have different signs. In this case we are looking at the absolute value of the profit elasticity.

Cost increases result in the same percentage changes, but with the opposite sign.

https://www.macrotrends.net/stocks/charts, called up February 6, 2020. Latest available data, most are for the business year 2019, some for 2018.

The calculation is as follows: Profit Elasticity in % = cost of goods sold × 0.01/pre-tax income × 100, with an analogous equation for overhead cost. For Lockheed Martin: For cost of goods sold, profit elasticity in % = $51.4 billion × 0.01/$7.2 billion = 7.1%; for overhead, profit elasticity in % = $178 million × 0.01/$7.2 billion = 2.5%.

The numbers are drawn from either the 2018 or the 2017 business year. The calculations are analogous to Fig. 8.1.

An example for obligations in perpetuity could be the requirement to maintain a shuttered mine for an indefinite period.

Alexander Himme, “Kostenmanagement: Bestandsaufnahme und kritische Beurteilung der empirischen Forschung,” Zeitschrift für Betriebswirtschaft, September 2009, p. 1075.

See Rifkin [2].

For a detail analysis of this phenomenon, see Simon and Fassnacht [3].

Fortune, August 10, 2020.

See Kajüter [4].

Hammer and Champy [5].

Himme [6]. The percentage cost reductions were calculated by me based on the ranges provided; they are therefore approximations.

Ibid., p. 204.

Cooper [7].

See Chalkiadikis [8].

See Ramanujam and Tacke [9].

Handelsblatt, August 15, 2011.

Hoffjan et al. [10].

Ciba-Geigy is one of the predecessor firms of Novartis.

See Neumann [11].

“Wir flexibilisieren uns zu Tode,” Frankfurter Allgemeine Zeitung, January 7, 2015, p. N4.

Simon [12].

Himme, A. (2009) Kostenmanagement: Bestandsaufnahme und kritische Beurteilung der empirischen Forschung, Zeitschrift für Betriebswirtschaft, September, pp. 1051–1098.

Rifkin, J. (2015). The Zero Marginal Cost Society, New York: Griffin.

Simon, H., & Fassnacht, M. (2019). Price Management: Strategy, Analysis, Decision, Implementation, New York: Springer Nature, p. 544.CrossRef

Kajüter, P. (2005). Kostenmanagement in der deutschen Unternehmenspraxis–Empirische Befunde einer branchenübergreifenden Feldstudie, Zeitschrift für betriebswirtschaftliche Forschung, January, pp. 79–100.

Hammer, M., & Champy, J. (1993) Reengineering the Corporation: A Manifesto for Business Revolution, New York: Harper Business.

Himme, A. (2012). Critical Success Factors of Strategic Cost Reduction, Journal of Management Control, p. 200.

Cooper, R. (1995). When Lean Enterprises Collide: Competing through Confrontation, Boston: Harvard Business School Press, p. 7.

Chalkiadikis, L. (2019). New Product Development with the Use of Quality Function Deployment, Beau Bassin: Lambert Academic Publishing.

Ramanujam, M., & Tacke, G. (2016). Monetizing Innovation: How Smart Companies Design the Product around the Price, Hoboken: Wiley.

10.

Hoffjan, A., Lührs, S., & Kolburg, A. (2011) Cost Transparency in Supply Chains: Demystification of the Cooperation Tenet, Schmalenbach Business Review, July 15/63, pp. 230–251.

11.

Neumann, G. (1984). Herman the German, New York: William Morrow.

12.

Simon, H. (2010). Beat the Crisis—33 Quick Solutions for Your Company, New York: Springer.CrossRef

Titel: Profit Driver: Cost
verfasst von: Hermann Simon
Verlag: Springer International Publishing
Buch: True Profit!
Print ISBN: 978-3-030-76701-3

Electronic ISBN: 978-3-030-76702-0

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-3-030-76702-0_8