AIM 6342

This course extends the perspective of cost management/analysis from a primary focus on tactical short-run/micro concerns to an emphasis on strategic long-run/macro issues. The linkage between cost management/ analysis and strategy is facilitated by utilizing three powerful strategic management tools: value chain analysis, strategic positioning analysis and cost driver analysis. Supported by these as well as by other financial and non-financial tools, cost management/analysis evolves into Strategic Cost Management (SCM). SCM exists to support decision-makers as they develop, communicate, implement, evaluate and modify organizational strategy.