To what extent does strategic management accounting contribute to Literature review

To what extent does strategic management accounting contribute to global competitiveness dilate your answer through an anal - Literature review ExampleAs a result they provide incomplete set of measures (Bowhill, 2008). The traditional management control fails to cover the assessment related to relative cost situation of its competitors. It is due to this reason that strategic management report is considered to be one of the most principal(prenominal) forms of management accounting in the present days. The strategic management accountant emphasizes on the cost position, the procedure for an organization to achieve sustainable cost value 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 change magnitude incidence of various accounting tools like value chain analysis, balance clear cards etc. The balance score card hav e been designed as one of the most effective performance measurement framework which evaluates the performance of the organization, employees etc (Smith, 2005). There are four main sights in the balance score card (Kaplan and Norton, 1996). The objectives of the balanced score card mainly focuses on achieving last profitability for the communication channel enterprise, increasing the client 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 financial perspective, customer perspective, internal business perspective and learning & growth perspectives (Bischoff, 2011 Nive n, 2005). The financial perspectives deal with factors such as growth in the income, return on equity, cash flow, gross 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 universe 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 significant 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 im plemented which helps in formulating and utilizing the strategies. Another such framework is the value chain. The value chain deals with chain of activities which an organization