ABSTRACT
The research aims to analyse the impact of operational cost cutting strategies on financial
performance. A case study of Zimbabwe Alloys Chrome (under judicial management) was used
to analyse the impact of the operational cost cutting strategies implemented, determining factors
that affect the successful implementation of operational cost cutting strategies. Literature from
different scholars and authors on cost cutting was reviewed in this study. The study made use of
questionnaires and interviews to collect data from the organization. The study targeted 26 ZAC
members, a total of 22 questionnaires were distributed to ZAC staff and 18 were returned earning
82% and 3 individuals were interviewed inspiring a 100% response rate. Data was presented using
tables, graphs and analysis was made resulting in conclusions being drawn. Upon data analysis, it
was revealed that ZAC cost cutting measures positively affects the financial performance in the
long run but in the short run the financial woes will worsen before they improve. The
recommendations passed by the researcher included the improvement of current cost cutting
measures and continuation with the application of the cost cutting measures. The researcher also
recommended ZAC to implement controls so as to make sure that all current cost control
procedures and policies are adhered to, budget formulation and introduction of incentives and
bonuses for meeting budgets.
TANYANYIWA, T (2021). Analysis Of The Impact Of Operational Cost Cutting Strategies On Financial Performance [A Case Study Of Zimbabwe Alloys Chrome (Under Judicial Management)]). Afribary. Retrieved from https://afribary.com/works/analysis-of-the-impact-of-operational-cost-cutting-strategies-on-financial-performance-a-case-study-of-zimbabwe-alloys-chrome-under-judicial-management
TANYANYIWA, TATENDA "Analysis Of The Impact Of Operational Cost Cutting Strategies On Financial Performance [A Case Study Of Zimbabwe Alloys Chrome (Under Judicial Management)])" Afribary. Afribary, 05 May. 2021, https://afribary.com/works/analysis-of-the-impact-of-operational-cost-cutting-strategies-on-financial-performance-a-case-study-of-zimbabwe-alloys-chrome-under-judicial-management. Accessed 21 Nov. 2024.
TANYANYIWA, TATENDA . "Analysis Of The Impact Of Operational Cost Cutting Strategies On Financial Performance [A Case Study Of Zimbabwe Alloys Chrome (Under Judicial Management)])". Afribary, Afribary, 05 May. 2021. Web. 21 Nov. 2024. < https://afribary.com/works/analysis-of-the-impact-of-operational-cost-cutting-strategies-on-financial-performance-a-case-study-of-zimbabwe-alloys-chrome-under-judicial-management >.
TANYANYIWA, TATENDA . "Analysis Of The Impact Of Operational Cost Cutting Strategies On Financial Performance [A Case Study Of Zimbabwe Alloys Chrome (Under Judicial Management)])" Afribary (2021). Accessed November 21, 2024. https://afribary.com/works/analysis-of-the-impact-of-operational-cost-cutting-strategies-on-financial-performance-a-case-study-of-zimbabwe-alloys-chrome-under-judicial-management