To what extent does strategic management accounting contribute to Literature review

To what extent does strategic attention accounting contribute to global competitiveness Illustrate your dress through an anal - Literature review ExampleAs a result they provide sk etceteray set of measures (Bowhill, 2008). The traditional management accountant fails to cover the assessment related to relative cost spot of its competitors. It is due to this reason that strategic management report is considered to be ane of the most important forms of management accounting in the present days. The strategic management accountant emphasizes on the cost position, the procedure for an make-up to achieve sustainable cost advantage and the cost of differentiation through which the products of an organization can be differentiated from others. The transition in the strategic planning and decision-making of the organizations can be seen through increasing relative incidence of various accounting tools like value chain analysis, sense of balance score peckers etc. The balance score c ard build been designed as one of the most effective writ of execution bar framework which evaluates the performance of the organization, employees etc (Smith, 2005). There are four main berths in the balance score card (Kaplan and Norton, 1996). The objectives of the balanced score card mainly focuses on achieving high profitability for the business enterprise, increasing the guest satisfaction, increasing the satisfaction level of the employees and creating high values for the existing stakeholders. The balanced score card is one of the most effective ways of designing strategies by means of which the organizational objectives can be achieved. It evaluates the performance of an organization from four main perspectives by creation of metrics, accumulation of data and analysis of the data that have been collected. The four perspectives include fiscal perspective, guest perspective, internal business perspective and learning & growth perspectives (Bischoff, 2011 Niven, 2005). T he financial perspectives deal with factors such as growth in the income, return on equity, cash flow, sales etc. The perspectives evaluate and aid the determination of performance of any organization from the domain of profitability. This would further help in determining whether the present strategies are being executed in proper manner for the accomplishment of the objectives of the organization. The customers perspective directs towards the targeted niche to which the organizations want to cater their services and improve their performances (Mowen, Hansen and Heitger, 2008). The internal business perspective focuses on the improvement of the value provided to the shareholders by the organization. In this context, customer service, operating processes and innovation play strong role (Holl and Bohm, 2005 Eigenmann, 2007). The learning and growth perspective signifies the skills and core competencies of the employees. It also points at the technologies implemented which helps in f ormulating and utilizing the strategies. some other such framework is the value chain. The value chain deals with chain of activities which an organization