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Learning objectives Learning Outcomes On successful completion of this subject, students will be able to: a

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Learning objectives

Learning Outcomes On successful completion of this subject, students will be able to:

a. Develop skills as a professional accountant in order to create, manage and enhance value within organisations through the use of various strategic management accounting tools & techniques; b. Examine and apply the strategic management process in an organisation and industry, understand

value drivers and value chain; c. Analyse crucially the strategic management cycle and the leadership role of the professional accountants in strategic management;

d. Analyse the characteristics of effective strategic and corporate social responsibility r elated performance measurement and controls systems; and

Page 1 of 4 Group Assignment: MAC007A Strategic Management Accounting

Research Case study

Driven by increasing focuses on creating sustainable competitive advantage, the businesses use

number of management tools ranging from primary/core activities analysis, SWOT and five forces

analysis, outsource and strategic alliances to sustainability as an integral part of supply chain

management (SCM) to meet the increasing demand of high environmental and social expectations of various stakeholder groups.

However, it remains an important consideration for a business to balance financial and non -financial performance measures both at the stage of implementing strategy and also at monitoring the organisation performance. T o remain on the top of its targets/goals , it is imperative on a business to have a robust tool for implementing, evaluating and monitoring strategy in the form of Balanced Score

Card (BSC).

Re se arch Question 1:

Download the annual report of Woolworth Financial Year 2020 and design a balanced score card (BSC) by including suitable goals for each performance perspective, describe suitable measures to

support those goals and identify appropriate targets. (20 marks)