Business Synoptic 1 Essay Example | Topics and Well Written Essays - 4750 words

Business Synoptic 1 - prove ExampleThis has been described in detail in the diagram elucidating a close linkage amongst the concepts. The diagram below helps to understand the linkage between the strategic focal point and the management news report. Evidence pertain between Strategic management and Management Accounting Accounting plays a vital role in the calculation of the product and to measure the profitability of the clients. In the figure above, it can be seen that the supply kitchen stove management of the company which is a strategic management concept can be linked to the customer pore accounting which on the other hand is a management accounting concept. The link between the two concepts is evident in the form of increased sales, profitability and productivity. The strategic decision making run in mergeds a customer focus in order to guide value creation and delivery decisions. It is unusable to supply the goods and services if the organisation is not able to creat e value in the minds of the customers. The management accounting techniques involve efficiency measures and control which help the organisation to analyse the performance of the suppliers and the abilities of the company. It is worth noticing that the supply range of a function management consists of each of the link in the whole supply chain, starting from the producer to the consumers. In fountain of horizontal organisation, the use of various management accounting techniques such as target costing, life cps costing, consumer focused accounting, theory of constraints, balance scorecard and activity based cost management techniques are evident. The overall activity of the supply chain can be aligned with the wants and needs of the customers in order to punish both the organisations as well as the customers. If the companys supply chain is customer focused then the company as a whole will be benefited. Based upon approachs case study, a connection can be formed between the str ategic management and the management accounting that elucidates the firms approach in its highly successful growth strategy. It has been argued by the tec that the organisation that implements the strategic management approaches tend to be at a successful and profitable state. The backing that uses the strategic management approaches shows progress in sales, profitability as well as productivity in comparison to the firms which lacked systematic planning activities (Virtual University of Pakistan, n.d.) There are various elements that are involved in Nestles belligerent strategic management approach. They are situation analysis, the strategy formulation, implementation and evaluation. The competitive strategy of Nestle is associated with foreign direct investment in both the businesses namely the dairy and pabulum businesses. It has been believed by the company that strengthening their leadership in this market is the most important element of their corporate strategy (Castelarho st,