Strategic Management Cycle-Free-Samples-Myassignmenthelp.com

Questions: 1.Analyze the strategic management cycle and the leadership role of professional accountants in strategic management. 2.Define the role of organisation and industry value chain analysis and apply the analysis to the design and structure of value adding activities, value drivers and value chains. Answers: 1.The strategic management refers to the continuous activities of analysis, assessment, monitoring and planning of all the necessary matters that are needed by an organization to be able to meet the goals and the objectives that it has set for itself (Hill, Jones and Schilling 2014). The concerned organization in discussion, Ansell Strategic, is observed to have been in collaboration with the Mark Moran Group for the development of the aged care and retirement residence known as Mark Moran Vancluse. Ansell Strategic is known to provide its clients with strategic and well-informed advices in order to help the concerned clients with their diversification, growth and performance improvement. The professional accountants play a huge role in the strategic management of the organization. The professional accountants have a huge leadership role to play in the concerned business. These professional accountants might also help in providing assistance to the concerned business by suggesting th e various corporate strategies and by helping them to reduce the costs that the business might incur (Goretzki, Strauss and Weber 2013). The accountants might also help the concerned organization to mitigate the risks that are encountered by the concerned organizations as well as help them to improve their top lines. The professional accountants often assume the roles of the leaders of the organization by helping the concerned management of the organization by providing the needed approval to the annual budget set by the concerned company and by responding to the stakeholders of the concerned organization and remaining accountable to them. The professional accountants also help the concerned organization by determining the amount of compensation that needs to be covered by the concerned management of the organization. The professional accountants of the organization might need to essay the role of the chief financial officers of the company and thus might help the concerned manageme nt with their valuable insights on the financial health of the concerned company. The roles played by the professional accountants of the concern might help the organization by setting the direction of the concerned organization towards the analysis, creation and communication of the financial data of the organization. The professional accountants, on the internal front, also help in assuring the concerned management by providing them with the needed assurance on the risk management capabilities of the organization and the effectiveness that is displayed by the internal processes of controlling and the governance of the organization (Samsonova-Taddei and Humphrey 2014). The professional accountants also help the concerned management by offering the concerned management with the ideas on the areas wherein the company might enhance itself. 2.Value chain analysis refers to the process wherein the concerned organization is able to identify the primary and the support activities that might help in the value addition to the final product or service that is been marketed by the company and thereafter proceeds to perform an analysis of the various activities that might help them to reduce the costs or to bring about an increment in the differentiation. The industry value chain analysis plays a huge role in the shaping of the organization. The concept of value chain was initially introduced by Michael Porter (Olson 2014). The industry value chain analysis includes the analysis of the various matters like the raw materials that are used by the company, the intermediate products, the manufacturing activities, the activities involving the marketing and the sales of the concerned product and the after sales services that are related to the products that have been manufactured by the company. In the given case study, Ansell Strate gic could be advised to abide by the value chain analysis as proposed by Michael Porter in order to help Mark Moran Group with their current undertaking, Mark Moran Vancluse. The value adding activities of the organization refer to the various activities that might help in adding value to the concerned customer. In order to gain the status of a value added activity, the concerned activity must abide by the three basic criteria that have been laid down by the experts. The concerned step should help the concerned service to get closer to the completion that it seeks. The step that is taken must be taken in a correct way in the first attempt and should not be a correctional step. The last criterion suggests that the concerned customer should be observed to have been caring for the concerned step that is being performed by the concerned organization. A value chain of the organization refers to the various activities that are performed by the concerned organization so as to deliver the c oncerned clientele of the organization with the best quality services and products (Williamson et al. 2013). The value drivers refer to the various matters that might be added to any product or a service in order to bring about an increase in its value to the concerned customers (Terpstra and Verbeeten 2014). The value drivers tend to put forth a differentiating factor that might help the products and services offered by an organization to have an edge over those that are provided by the competitors of the concerned organization. References Goretzki, L., Strauss, E. and Weber, J., 2013. An institutional perspective on the changes in management accountants professional role. Management Accounting Research,24(1), pp.41-63. Hill, C.W., Jones, G.R. and Schilling, M.A., 2014.Strategic management: theory: an integrated approach. Cengage Learning. Olson, E.L., 2014. Green innovation value chain analysis of PV solar power.Journal of cleaner production,64, pp.73-80. Samsonova-Taddei, A. and Humphrey, C., 2014. Transnationalism and the transforming roles of professional accountancy bodies: Towards a research agenda.Accounting, Auditing Accountability Journal,27(6), pp.903-932. Terpstra, M. and Verbeeten, F.H., 2014. Customer satisfaction: cost driver or value driver? Empirical evidence from the financial services industry.European Management Journal,32(3), pp.499-508. Williamson, D., Cooke, P., Jenkins, W. and Moreton, K.M., 2013.Strategic management and business analysis. Routledge.