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Report on Strategic Management Accounting

   

Added on  2020-04-13

10 Pages1841 Words51 Views
Running head: STRATEGIC MANAGEMENT ACCOUNTINGStrategic Management AccountingName of the Student:Name of the University:Author Note:
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2STRATEGIC MANAGEMENT ACCOUNTINGTable of ContentsQuestion 1........................................................................................................................................2Enhancing value chain within Regis Healthcare Limited by using various strategic managementtools..................................................................................................................................................2Question 2........................................................................................................................................4Examining and applying the techniques for developing, implementing and monitoring strategies4Question 3........................................................................................................................................5Analyzing the strategic management cycle and the leadership role of professional accountants instrategic management......................................................................................................................5Question 4........................................................................................................................................6Defining the role of organization and value chain analysis by applying the analysis to the designand structure of value by adding activities, value drivers and value chains....................................6Question 5........................................................................................................................................7Analyzing the characteristics of effective strategic and corporate social responsibility relatedperformance measurement and control systems..............................................................................7Question 6........................................................................................................................................8Describing and applying strategic management accounting techniques to the selection, planning,implementation, control and monitoring of projects.......................................................................8Reference List..................................................................................................................................9
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3STRATEGIC MANAGEMENT ACCOUNTINGQuestion 1 Enhancing value chain within Regis Healthcare Limited by using various strategicmanagement tools Value is such an ambiguous term in healthcare sector. Rather, it can be referred to otherthings such as speed of delivery, quality and availability. Regis Healthcare Limited operates inAustralia and the company needs to address the rising budgetary costs of healthcare that definesthe value in healthcare (Regis Aged Care 2017). Healthcare expenditure can be seen as largecomponent in a country. Unlike other industry, business models as well as value propositionshave changed largely over a time span of 20 years. Michael Porter described the term value chain as a selection of process as well as inputsand outputs as it help in producing a particular product or service. Here, Regis HealthcareLimited has typically grown over time that leads to high levels of duplication of providers aswell as disjointed services in general (Peppard and Ward 2016). The value chain of RegisHealthcare Limited is quite similar to other industries that include manufacturers, distributors,wholesalers as well as professionals and payers such as health consumers. Michael Portersuggested or proposed a six-point strategy that organizes care for the patients who visit RegisHealthcare Limited. It is important to measure the outcomes as well as cost for every patient atRegis Healthcare Limited. It is essential to integrate care delivery as well as breakdown in thelocal nature of care delivery for aged patients at Regis Healthcare Limited. The aged carefacilities should build an enabling information technology platform for the aged patients.
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