Strategic Management Accounting for Value Chain Enhancement - An Analysis for Ansell Strategic

Strategic Management Accounting
Name of the Student
Name of the University
Author’s Note

Table of Contents
Introduction......................................................................................................................................2
1. Enhancement of Value Chain with Various Strategic Management Tools.................................2
2. Techniques to Develop, Implement and Monitor Strategies.......................................................4
3. a. Strategic Management Cycle...................................................................................................6
3. b. Leadership Role of Professional Accountants in Strategic Management................................8
4. a. Role of Organization and Industry in Value Chain Analysis..................................................8
4. b. Design and Structure of Value Adding Activities, Value Drivers and Value Chains.............9
5. Characteristics of Effective Strategic and Corporate Social Responsibilities for Measuring
Performance and Control System..................................................................................................10
6. Strategic Management Accounting to Select, Plan, Implement, Control and Monitor.............11
Conclusion.....................................................................................................................................12
References......................................................................................................................................14

Introduction
The business organizations are needed to take into consideration some specific aspect for
enhancing the overall performance of their business and Value Chain Analysis can be considered
as one of them. Value chain can be considered as a set of activities performed by the companies
in a specific industry for delivering a valuable product to the customers and to add value to the
provided services to the customers (Darmawan, Putra and Wiguna 2014). In simplified words,
value chain helps the companies in adding values to their customers and other stakeholders.
There is a relation between the value chain of the companies with strategic management and
strategic management accounting as the companies can improve the performance of their value
chain with the help of various strategic management tools. At the same time, organizations and
industries also have impact on the value chain of the companies (de Souza and Márcio de
Almeida 2013). The main aim of this report is the analysis and evaluation of various components
of value chain by considering the aspects of strategic management accounting. More specifically,
this report involves in providing advices to Ansell Strategic with the aim to achieve the
objectives for improving the value chain.
1. Enhancement of Value Chain with Various Strategic Management Tools
The earlier discussion has mentioned the fact that the companies can enhance their value
chain with the assistance of various strategic management tools and this aspect is also applicable
for Ansell Strategic. The following discussion provides the description of certain strategic
management tools to enhance the value chain of Ansell Strategic:

Michael Porter’s ‘Value Chain’: Michael Porter was the inventor of this particular strategic
management tool. Under this value chain analysis, the representation of a set of activities can be
seen performed by the companies with the aim to link them to the competitive position of the
businesses in order to deliver valuable products and services to the end customers.
Figure 1: Porter’s Value Chain Model
(Source: Mohajeri et al. 2014)
The presence of this set of activities can be seen in within and around of companies and
for this reason, strong relation can be seen to analyze and link them in order to identify the
competitive advantage of the companies. With the help of this strategic management tool, Ansell
Strategic can enhance their value chain of each particular activity for adding values to the
products and services (Markides 2013). The more value Ansell Strategic can create in their value
chain, the more willingly customers of the company are for paying for the services of the
company.