Published Online:December 2025
Product Name:The IUP Journal of Business Strategy
Product Type:Article
Product Code:IJBS011225
DOI:10.71329/IUPJBS/2025.22.4.5-14
Author Name:Debdas Rakshit and Ananya Paul
Availability:YES
Subject/Domain:Management
Download Format:PDF
Pages:5-14
In today’s resource-constrained and competitive global landscape, cost management strategies linked with operational efficiency, technological development, and sustainable growth are pivotal for business survival. The paper presents a comprehensive framework of cost management strategies and discusses their role in ensuring sustainable development, operational efficiency, and long-term value creation. The study mainly follows a conceptual and interpretive framework approach to develop a comprehensive understanding of sustainability-embedded cost management practices. It systematically reviews existing theories, frameworks, and practices related to this topic from secondary data sources like research papers, business articles, corporate publications, and reputable organizational websites. The study highlights that integrating sustainability into cost management strategies shifts enterprises from short-term profit maximization to long-term value creation. This approach strengthens competitiveness and resilience while balancing financial, environmental, and social objectives. Moreover, sustainable cost management must be driven by leadership commitment, aligned governance structures, and a supportive organizational culture. By incorporating theoretical insights, practical applications, and case studies, the study benefits organizations, academicians, and practitioners seeking actionable insights into cost-effective and sustainable business transformation.
In today’s fast-paced and highly competitive business environment, enterprises are under growing pressure to boost operational efficiency and meet sustainability targets. This has compelled enterprises to reassess conventional operational and financial management techniques and integrate sustainability into core business operations, including cost management.