Business Aspects
1. INTRODUCTION
Strategic management, organizational structures and management accounting are parts of management information system. These are significant components to provide valuable economic information as well as determine the success of a business. Managers usually base on allocation of these parts to make their decisions. This assignment introduces the analysis about the roles, impacts and changes in strategic management and management accounting on organizations in recent years. Management accounting concepts are also recognized as the contribution of management information system in corporate strategy and business plans.
2. CHANGES IN STRATEGIC MANAGEMENT AND MANAGEMENT ACCOUNTING
2.1. STRATEGIC MANAGEMENT
Strategic management is a systematic process of analysis, decision and operation linked to the external environment (competitors and customers) and the internal environment (organization itself) in order to generate and maintain competitive advantages. There are a lot of factors influencing the changes in strategic management.
First is trend shift, change in tendency of customer will affect the target market and strategic management plan of a company (Fred Nickols, 2010). For example, Europeans enjoys extreme sports in winter such as snow sports. Thus, a company will have good sales of snowboards at that time. When the weather shifts to hot season, the company must update its strategy because it depends on customer demand.
Second is technology, it is an essential part of society nowadays. It has continuous development; so a company usually needs to update new technology (hardware and software) for improve its performance. This is a reason make a company changing its strategic plan (John Argenti, 1968). For example, some magazines and printed books have lower demand than electronic books. When internet is popular, people can use e-reader, tablet and laptop, etc to access the internet for search, download and read more new information.
Third is
Strategic management, organizational structures and management accounting are parts of management information system. These are significant components to provide valuable economic information as well as determine the success of a business. Managers usually base on allocation of these parts to make their decisions. This assignment introduces the analysis about the roles, impacts and changes in strategic management and management accounting on organizations in recent years. Management accounting concepts are also recognized as the contribution of management information system in corporate strategy and business plans.
2. CHANGES IN STRATEGIC MANAGEMENT AND MANAGEMENT ACCOUNTING
2.1. STRATEGIC MANAGEMENT
Strategic management is a systematic process of analysis, decision and operation linked to the external environment (competitors and customers) and the internal environment (organization itself) in order to generate and maintain competitive advantages. There are a lot of factors influencing the changes in strategic management.
First is trend shift, change in tendency of customer will affect the target market and strategic management plan of a company (Fred Nickols, 2010). For example, Europeans enjoys extreme sports in winter such as snow sports. Thus, a company will have good sales of snowboards at that time. When the weather shifts to hot season, the company must update its strategy because it depends on customer demand.
Second is technology, it is an essential part of society nowadays. It has continuous development; so a company usually needs to update new technology (hardware and software) for improve its performance. This is a reason make a company changing its strategic plan (John Argenti, 1968). For example, some magazines and printed books have lower demand than electronic books. When internet is popular, people can use e-reader, tablet and laptop, etc to access the internet for search, download and read more new information.
Third is
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