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146360
Module 1: Supporting sustainable value creation
Description
Mind Map on Module 1: Supporting sustainable value creation, created by Alice Shum on 10/07/2013.
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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Resource summary
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
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
Value
Example value creation
growing food
generating energy
providing health care
Shareholder value
Customer value
Stakeholder Value
Strategic Mgmt
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
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