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Strategic Management Accounting Assignment Sample

   

Added on  2021-02-19

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STRATEGIC MANAGEMENTACCOUNTING

INTRODUCTIONStrategic management accounting mainly focuses on internal as well external factors ofthe company. Thus, this defined as formulation and implementation of the major goals initiativestaken by companies top management (Shahzadi, Khan and Haq, 2018). Its an internal accountingfunction that used to allocate business cost to goods or services and prepare reports for internalmanagement decision. The present report is based on business activities Telstra, Australia's leadingtelecommunication and technology company. Thus, this world leading networks mainly covers99.5% of Australian population and has diverse range of customers including consumers, smallbusiness, large enterprise and government organizations. Hence, this Australiantelecommunication company builds and operates telecommunication network, market voice andinternet access etc. However, report will lay emphasize on activities as that at which level sustainabilitystrategy integrated into company, to explain key stakeholder of company, to comment on weakand strong areas of the company. MAIN BODY1.Technological disruption termed out as to bring change in which firm can operate theirbusiness activities effectively. Hence, it can be stated that Telstra product and services plays thecrucial role in daily lives of millions of people and technology such as ultrafast 5G mobile,artificial intelligence and internet of things that aids to redefine the future of work. Thisenterprise has undertakes the sustainability strategy that aids to have Sustainability strategy isone crucial aspect that aids to achive success and mainly focused on the issues that are materialto businesses (Laela, Rossieta and Ismal, 2018). Therefore, it relates to the areas in which thereis expertise to make meaningful contribution and figurte out the opportunities to use innovative,tech based solutions to deal with major societal challenges. In order to maintain the sustainabilityin the enterprise, this enterprise undertakes the use of tool as Net promoter score system thatenables to measure out the customer experience and respond to the feedback. Telstra using thesetechnologies to assist suppliers and customers etc.

At the quoted enterprise, the focus over sustainability strategy aids to thrive people indigital world. However, quoted enterprise is committed to excellence in corporate governance,ethical behaviour and accountability in which they are undertaking their business activities.( Alamri, 2018). However, it aids to gain long term performance and sustainability to the to theenterprise that enables to protect and enhance the interest of stakeholders and shareholders. Inthis present era, the digital technology disrupting the use of traditional operating that assist thesociety to respond to major issues in agile and scalable mode (Thorlakson, Zegher and Lambin,2018 Initiative, 2019). Thus, one of the main aim is to interconnecting the whole system ofentity. This entity mainly consider over to adapt to technological changes and opportunity itbrings. Therefore, firm has majorly focus over adopting the right culture that aids to undertakebetter organizational transformation. Telstra mainly focus over the millions of diverse customerswho represents their unique perspectives. It is entity that is also looking over to manage safety,supporting the mental health and well-being to the people and this all things aids to create betterand effective working environment (González, del Mar Alonso-Almeida and Dominguez, 2018).By putting core focus over to bring development in the commodities the entity can perform theirbusiness activities in well and effective manner. With help of managing the global health,, safetyand well-being aids to conduct the business practices effectively and efficiently (Tost, Hitch,Chandurkar and Feiel, 2018). Therefore, the sustainability strategy mainly reflects the most material topics and SDGpriority to make meaningful impact in opportunity with the use of high advanced tools,technology based solutions aids to adderess the major societal challenges and opportunities(Reimsbach, Hahn and Gürtürk, 2018). This is defined as plan of action that represetnts theholistic approach to the sustainability and relates with the informed and integrated to corebusiness activities. Thus, strategy includes the three pillars as are- Responsible businesses- Telstra know as sustainable, globally trusted companies thatpeople want to work for it. Digital future- It fosters effective communication, strong culture that aids to empower tothrive in digital world. Environmental solutions- This entity uses high technology that aids to addressenvironmental challenges and assist to suppliers, customers and community at the sametime.

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