Management Essay

934 Words Dec 26th, 2015 4 Pages
ACCT5931
Strategic Management Accounting

Topic 3: Analysing the
Internal Environment

1

Topic 3:
Course Preparation Assurance Test – C-PAT #2

6 minutes
(no books or notes on the table please)

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1

Topic 3:
Course Content Overview
Topic 1
Introduction to Strategic Management Accounting

Strategy
Analysis
& Formulation

Topic 2

Topic 3

Analysing the
External Environment

Performance
Measurement
& Management

Topic 5
Measuring
Performance and
Project Value

Responsible
Resource
Management

Topic 4

Analysing the
Internal Environment
Topic 6
Developing and using a Balanced
Scorecard

Topic 8
Managing Customer
Value and
Relationships

Developing
Strategy
Topic 7
Measuring
…show more content…
2014. Mindfulness: Multiply Productivity
Through Undivided Attention, IESE insight, 20, pp. 23-30 [download from Moodle]
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Topic 3:
Desired learning outcomes
 In Topic 3 we aim to be able to:
– Understand how to utilise Porter’s generic value chain to identify value creating activities
– Identify the resources and capabilities of an organisation
– Evaluate the potential for an organisation’s capabilities to sustain competitive advantage
– Identify weaknesses and strengths based on an analysis of an organisation’s internal environment
– Appreciate the importance and benefits of mindfulness

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Topic 3:
Why analyse the organisation’s internal environment?
 “Being in the right

industry does matter, but being good at what you do matters a lot more”
 In Topic 3, we examine what the organisation does better than its rivals that is valued by its customers

Macro (or General) environment Organisation

Micro (or Competitive) environment Source: Grant et al. (2014)
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3

Topic 3:
Value chain analysis
Includes: General management, planning, finance, accounting, legal, government affairs, quality management and information systems
Recruiting, hiring, training, development and compensation of all types of personnel

Actions that enable primary activities to take place

Porter’s Value Chain

Purchasing inputs used in the organisation’s value chain

Technology-related

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