Title: Target costing in a developing economy: Croatia's case

Authors: Luca Devigili, Claudio Vignali, Dubravka Kopun

Addresses: Universita degli Studi di Siena, Faculty of Economics – DISAS, Italy. ' Leeds Metropolitan University, Civic Quarter, Leeds, LS1 3HE, UK. ' University of Zagreb, Croatia

Abstract: As research shows, 90–95% of the total costs of products are being incurred in the design phase of the product life cycle. Due to this, there has been systems developed with which companies are managing the costs of future products. Target costing is one of the methods that is ensuring adequate planning, placing the success of future products, before they are placed on the market. In order to satisfy the above criteria, this article examines Croatian companies; how they developed methods similar to target costing in order to manage future costs.

Keywords: target costing; Croatian companies; required profit; improved control; operations control; profits; cost reduction; end consumer satisfaction; quality; timely presentation; new products; Croatia.

DOI: 10.1504/IJBG.2008.018306

International Journal of Business and Globalisation, 2008 Vol.2 No.4, pp.453 - 467

Published online: 15 May 2008 *

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