Peter Drucker, the famous management guru, once said, “Every three years, an organisation should challenge every product, every service, every policy, every distribution channel with the question: If we were not in it already, would we be going into it now?”
Why do you think this question is important? How can managers help pose and answer this question? How Cost Accounting contributes to other functions of management in order to implement Druker’s suggestion? Explain giving atleast 1 company example.
Word limit: 500 words