Japanese Target Costing: A Historical Perspective

  title={Japanese Target Costing: A Historical Perspective},
  author={Patrick Feil},
  • Patrick Feil
  • Published 2004
International Journal of Strategic Cost Management/Spring 2004 INTRODUCTION Target costing originated in Japan in the 1960s, though it remained a secret for years. Since the 1980s, however, when target costing was widely recognized as a major factor for the superior competitive position of Japanese companies, extensive efforts have been made to convey target costing to Western companies. Many large companies in North America and Europe have tried to adopt target costing to enhance their cost… CONTINUE READING