A CASE STUDY OF KKSECURITY GROUP

Jun 21st, 2015
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Given the complex nature and competitive environment under which modern organizations operate, the way forward for organization is to adopt strategies, methods, and practices which enable them to outcompete competitors.

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COSTING AND FINANCIAL PERFORMANCE OF PRIVATE SECURITY SERVICE INDUSTRY IN KENYA:A CASE STUDY OF KKSECURITY GROUPA Thesis Submitted In Partial Fulfillment Of The Requirements For The Award Of Masters Of Business Administration (MBA) Degree Of Kenya Methodist University.Nixon Okari for Sally14th Aug 2011CHAPTER ONEINTRODUCTIONBackground to the Study Given the complex nature and competitive environment under which modern organizations operate, the way forward for organization is to adopt strategies, methods, and practices which enable them to outcompete competitors. Recent global, political and economic events such as liberalization of economies, rising cost of production, global economic down turn, many competing and substitute products in the market and spiral over effects of terrorist attack in America have led many to retrench and adopt stretching cost cutting measures (Hansen, 2006). The creation, operation, alteration, and cessation of an organization, whether within the private, public, or voluntary sector- all incur costs. Costs are resources/procedures that are sacrificed to achieve an objective. Expenses are the costs charged against revenue in a particular accounting period. Costing is a technique and process of ascertaining costs (ICMA, London). It expresses faithfully the actual costs of any particular unit of production and also discloses how such total cost is constituted. According to Wheldon, it is the classifying, recordin

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