Buy custom strategic management accounting
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
8 / 2061 |
Essay's paper body
Cost management was Reaction-based. As long as companies were making money, no body cared. The word from the song in the musical Evita captured the mood: ---------
When the times are good, costs are allowed to go out of control since there is no motivation to cut them. However come tough times, we are scampering for information and realise that we did not collect information on:
What were our defect rates and sales return rates?
What caused our quality problems?
Which market segments and customers were more profitable?
What was it costing us to introduce new products late?
What was our on-time delivery record? What was the competition's record?
However, over the last decade or two, management accounting has evolved, at least in some organisations, to support the development and implementation of strategy...
Essay fragment
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However come tough times, we are scampering for information and realise that we did not collect information on:
What were our defect rates and sales return rates?
What caused our quality problems?
Which market segments and customers were more profitable?
What was it costing us to introduce new products late?
What was our on-time delivery record? What was the competition's record?
However, over the last decade or two, management accounting has evolved, at least in some organisations, to support the development and implementation of strategy...
Essay fragment
General points of the essay
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