Strategic cost management by jawaharlal pdf

  • What are the key themes of strategic cost management?

    The emergence of Strategic Cost Management (SCM) results from a blending of the following three themes, each taken from the strategic management literature:

    Value chain analysis.Strategic positioning analysis.Cost driver analysis..

  • What is strategic cost management according to authors?

    Strategic cost management is the process that aims to strengthen a company's strategic position by carefully controlling costs according to the company's broader objectives..

  • What is the framework of strategic cost management?

    Strategic cost management is a framework for incorporating cost information in to decision made in support of an organization's strategic plan.
    SCM has a long run orientation, focusing on structural cost drivers or organizational cost drivers.
    SCM integrate strategy and cost system in a meaningful way..

  • What is the strategic cost management process?

    Strategic cost management (SCM) deals with measuring and managing costs and aligning them to the business strategy.
    The cost and management accounting information thus developed would help managers to understand and implement the strategy, diagnosis the performance and influence behavior and decisions..

  • What is the strategic cost management?

    Strategic cost management (SCM) deals with measuring and managing costs and aligning them to the business strategy.
    The cost and management accounting information thus developed would help managers to understand and implement the strategy, diagnosis the performance and influence behavior and decisions..

  • Why is strategic cost management important in PDF?

    It enables a company to compete with its rival in the long haul and evaluate every cost management activity to ensure that they contribute to making the strategic position stronger than before..

  • The emergence of Strategic Cost Management (SCM) results from a blending of the following three themes, each taken from the strategic management literature:

    Value chain analysis.Strategic positioning analysis.Cost driver analysis.

What is Strategic Cost Management?

4. defines strategic cost management in the following words:

  • “It (SCM) is cost analysis in a broader context
  • where the strategic elements become more conscious
  • explicit and formal.
    Here, cost data is used to develop superior strategies enroute to gaining sustainable competitive advantage...
    • ,

    What is the objective of Cost Management?

    In cost management, the objective is to increase productivity of resources and factors of production and to relate them to enhance profitability.

    ,

    Why should you read a book on Strategic Cost Management?

    It will be equally useful to the students who are pursuing C.A., I.C.W.A., C.F.A., Company Secretaryship and management and professional courses.
    The book can be used by practicing managers and professionals as well and by those who want to build career in strategic cost management.


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