Competition is serious.
Today, large, medium, and small business pay as high as 4 percent annually for their labor and material but are often limited in raising their prices by 1 percent. The traditional method of squeezing the most out of the least, and making do with less may give a false sense of progress from immediate short-term results, however, this process ultimately fails. To stay in business, management must know what their overall costs are, and where they come from. By using a structured means that aids that process is beneficial. Few people doubt the benefit of the right information when making vital decisions, yet few are unaware of the right logical approach to the decision itself.