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Module 1, Part D: Challenges face by MA (pg15)(pg9), Part E: Analytical…

- - - - Line manager/head of dept
        MA to train them
      - Strategic Mgmt Acc-ing & Svs industries
        (pg10)(pg7)
        
        intangible, service cannot consumed again or store, unique offering, unused capacity is lost forever
        
        Strategic Mgmt Acc-ing & Public Sector(Not-for-profit)
        (pg10)(pg8)
        
        does not use profit as primary measures
        establish metrics for measuring economy, efficiency and effectiveness
- - - - Responsibility centres
        (cost, Revenue, Profit, investment)
        (pg28)
- - - - (1) Product Life Cycle analysis
        (pg35)(pg15)
        
        (1) Introduction (need more cash flow),
        first mover advantage, market penetration
        
        (2) Growth ( required investment, highest profit, price drop, economies of scale and learning)
        
        (3) Maturity (Sales grow slow, low cash flow, profit start to decline)
        
        (4) Decline (saturated, sales decline, negative cash flow, technology obsolence)
      - (2) Boston Consulting
        Group Product Matrix
        (pg37)(pg15)
        
        (1) Star - high mkt share, High mkt growth (Maturity stage PLC)
        
        (2) Cow - High mkt share, low mkt growth (Growth stage PLC)
        
        (3) Question Mark - Low mkt share, high mkt growth
        
        (4) Dog - Low mkt share, low mkt growth
  - - - Strategic Implementation
    - - SW = Internal
        
        mkt share, experience of team, internal expectation
      - OT = External
        
        understand competitors strength, weaknesses so to identify threat to organisation as well as opportunity for growth
        
        (1) Porter's Five Forces
        Industry analysis
        (pg39)(pg16)
        
        (1) Threat of new entrance
        
        (2) Alternative Products
        
        (3) Customers
        
        (4) Supplier
        
        (5) Existing competitor
        
        (2) PEST
        (pg40)(pg16)
        
        (1) Political,
        
        (2) Economic,
        
        (3) Social-cultural,
        
        (4) Technological
- - - - Professional skill by MA
        Matric by IAESB
        
        Intellectual
        
        Technical
        
        Personal/Interpersonal
        
        Communication
        
        Organisational/business mgmt
      - IFAC -MA Drive sustainable orgn success
        
        Creators of value (Develop plan/strategies)
        
        Enable of value (supporting decision/implementation)
        
        Preservers of value (protect value, risk mgmt, control, compliance)
        
        Reporters of value (clear & detailed reporting)