146360
Description
Mind Map by Alice Shum, updated more than 1 year ago
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Created by Alice Shum
almost 11 years ago
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Module 1: Supporting sustainable value creation
- Define Strategic Management Accounting (SMA)
- Creating sustainable value
- by supporting the formation, selection, implementation & evaluation of organisational strategy
- with effective resources allocation & information that capture financial & non-financial perspectives
- with effective resources allocation & information that capture financial & non-financial perspectives
- by supporting the formation, selection, implementation & evaluation of organisational strategy
- Creating sustainable value
- Essential requirement for successful performance
- generate products and services that are of sufficient vakue so that consumer willing to pay for them
- constantly develop and improve the resources and activities used to generate that value
- generate products and services that are of sufficient vakue so that consumer willing to pay for them
- Value
- Example value creation
- growing food
- generating energy
- providing health care
- growing food
- Shareholder value
- Customer value
- Stakeholder Value
- Example value creation
- Strategic Mgmt
- process ehich the org decides on the direction it will take
- process ehich the org decides on the direction it will take
- Strategic Mgmt Accounting
- provide a wide range of tools and techniques support each stage of process
- Become the drive strategic mgmt activity
- provide a wide range of tools and techniques support each stage of process
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