Sustainability terms of strategic cost management

With the modern enterprises' laying down their manufacturing and sale focused concept while the enterprises trying to get healthy and detailed data about the market, the developments in the fields of manufacturing, transportation and communication technologies besides the changing consumer need and demands pull the enterprises to the globalization. These developments and transformations widened the geography that the enterprises must contact with and complicated the interpretation of the data which will be derived while enlarging the market area and increasing the intensity of competition. Running a sustainable policy for enterprises is possible with vision, mission, strategy and action. These four items are the basics of strategic management Strategic management confronts as a management technigue that is providing possibility to determine the future goals and targets, and ascertaining the steps to these targets at either private sector, public sector or all non-profit organizations. The enterprises that are under the pressure of global competition are forced to change their production systems with using modern technologies. They also need to change their current cost systems due to changing their production systems. Furthermore traditional cost systems like standart cost system are insufficient in current competition conditions. Strategic cost management is a modern cost management approach that consists of changing production methods in rough competition situations and relatively changing cost and cost management accounting systems. KeyWords:, Competition, Strategic Management, Cost Management, Sustainability