Strategic Cost Management
Duration
- One Semester or equivalent
Contact hours
- 36
On-campus unit delivery combines face-to-face and digital learning.
Prerequisites
Aims and objectives
1. Apply advanced knowledge of strategic cost management to organisational contexts which differ in terms of strategy, industry, stage of development and focus.
2. Apply problem solving to provide innovative solutions into integrated and multi-dimensional and predictive models of business performance.
3. Critically analyse an organisation’s performance in creating economic financial returns as well as in terms of a broader notion of value, comprising environmental and social value.
4. Apply problem solving methodology to generate innovative solutions to organizational effectiveness, efficiency and key short-term and long-term drivers of these performance dimensions.
5. Communicate proficiently to a wide variety of audiences and operate as an effective leader and member of a diverse team.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Assessment
2. Assignment (Individual) 40-50%
3. Assignment (Group) 40-50%
General skills outcomes
- Teamwork skills
- Analysis skills
- Problem solving skills
- Communications skills
- Ability to tackle unfamiliar problems
- Ability to work independently
Content
- Strategic Planning and Strategic Management
- Strategic Evaluation and choice
- Value Chain analysis
- Product Portfolio Management and Product Life Cycle
- Strategic approaches to pricing and customer profitability
- Strategic Performance Measurement
- Performance Based Compensation
- Environmental Management Accounting
- Emerging Issues
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.