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STRATEGIC MANAGEMENT ACCOUNTING - Coggle Diagram
STRATEGIC MANAGEMENT
ACCOUNTING
STRATEGY
Competitive Advantage
Cost Advantage
Product at lower cost than rivals
Differentiation Advantage
Distinguished from competitors &
allows a premium price to be charged
Others Tools of SMA
Lean Manufacturing
Just in Time (JIT)
Benchmarking/Competitors Analysis
Total Quality Management
Target Costing
Risk Management
Sustainability
Activity Based Management
Strategic Analysis/
Corporate Appraisal Tools
SWOT Analysis
Pestel Analysis
Value Chain Analysis
Porter's Five Forces Model
VALUE CHAIN
Primary Activities
Operations
Transforming inputs into the final
product form
Outbound
Logistics
Collecting, storing & distributing
the product/service to buyers
Inbound
Logistics
Receiving, storing & distributing
inputs to the product
Marketing &
Sales
Purchases of products & services by end
users & the inducement used to get them
to make purchases
Service
Providing service to enhance/maintain the value
of product
Support Activities
Human Resource
Management
Activities involved in the recruiting ,
hiring, training, development &
compensation of all types of personnel
Technology
Development
Wide range of activities & those embodies
in process & equipment & the product itself
Procurement
Purchasing inputs used in the firm's value chain
General
Administration
Supports entire value chain & not individual activities
RISK
Risk Management Cycle
Understand & assess scale of the risks
Develop risk response strategy
Identify risk areas
Implement strategy & allocate responsibilities
Implementation & monitoring of control
Review & refine process and do it again
Conformance VS
Performance
Conformance -
Avoiding downside risk
Performance -
Benefiting from upside risk
Types
Environmental Risks
Political, legal & regulatory Risks
Financial Risks
Economic Risks
Business & Operational Risks
Technology Risks