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Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Management Accounting: The internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information-to help drive economic value. Strategic Management Accounting:An advanced form of management accounting that attempts to include information about an entity's competitors in the reports prepared for the internal management of the entity.
What is the similarity between financial managment and strategic financial managment
The accounting department helps the business remain profitable. Accountants generate reports that allow management to make strategic decisions about the direction of the organization.
Strategic apex, the home of top management where all power rests, usually with one person which could be the owner of an entrepreneurial entity.
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Mike Harvey has written: 'Strategic management accountancy and marketing' 'Financial accounting theory' -- subject(s): Accounting 'Office administration and management' -- subject(s): Office management 'Strategic Management Accounting' 'Financial accounting theory and standards' -- subject(s): Accounting
Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.
Strategic training approaches focus on aligning training initiatives with overall business goals and objectives to drive organizational success. Traditional training approaches, on the other hand, tend to be more focused on completing predefined courses or activities without necessarily tying them to strategic outcomes. Strategic training is more proactive and future-oriented, while traditional training may be reactive and task-oriented.
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.
what is a learning organization? Is this approach to strategic management better than the more traditional top-down approach in which strategic planning is primarily done by top management?
Management Accounting: The internal business building role of accounting and finance professionals who work inside organizations. These professionals are involved in designing and evaluating business processes, budgeting and forecasting, implementing and monitoring internal controls, and analyzing, synthesizing, and aggregating information-to help drive economic value. Strategic Management Accounting:An advanced form of management accounting that attempts to include information about an entity's competitors in the reports prepared for the internal management of the entity.
What is the similarity between financial managment and strategic financial managment
It has to do with Strategic Management. That is: the way in which the managers plan, coordinate, and lead, etc.; in order to gain and maintain competitive advantage.
Takeo Yoshikawa has written: 'Strategic Value Analysis' 'A review of Japanese management accounting literature and bibliography' -- subject(s): Bibliography, Managerial accounting, Cost accounting, Accounting literature
Edward Blocher has written: 'Cost management' -- subject(s): Managerial accounting, Cost accounting 'Analytical review' -- subject(s): Analytical review Auditing, Auditing, Analytical review 'Cases & readings in strategic cost management' -- subject(s): Accessible book, Managerial accounting, Case studies, Cost accounting, Management accounting
"Strategic asset management" could refer to "strategic asset allocation", i.e. long-term asset allocation - whereas "tactical asset allocation" refers to short-term investments.