{"product_id":"strategic-cost-management-the-new-tool-for-competitive-advantage-9781439150368","title":"Strategic Cost Management: The New Tool for Competitive Advantage","description":"\u003cb\u003eAs often reported in \u003ci\u003eBusiness Week\u003c\/i\u003e and \u003ci\u003eFortune, \u003c\/i\u003e most large companies today concede that their cost systems are desperately obsolete.\u003c\/b\u003e In this eagerly awaited book, John Shank and Vijay Govindarajan, nationally known experts on the strategic use of cost information, address head-on the fundamental concepts of management accounting that are in desperate need of change. The authors demonstrate how \u003ci\u003estrategic cost management, \u003c\/i\u003e the first analytic framework to relate meaningful accounting information to a firm's business strategy, is revolutionizing accounting--and overall business practices in leading firms. With numerous extended examples including Ciba-Geigy, Ford, Texas Instruments, and many more, the authors show how the three key tools of strategic cost management--value chain analysis, strategic positioning analysis, and cost driver analysis--provide a sustainable competitive advantage over firms whose cost systems are in disarray. \u003cp\u003e\u003c\/p\u003eWith persuasive evidence, Shank and Govindarajan demonstrate the strategic power of \u003ci\u003evalue chain analysis, \u003c\/i\u003e i.e., linking external value creating activities all the way from basic raw materials, to component suppliers, and through to the ultimate end-use product delivered to the consumers. Next, they examine how cost management and cost control must be differentiated depending on the \u003ci\u003estrategic positioning\u003c\/i\u003e chosen by the firm, be it cost leadership or product differentiation. Finally, the authors offer penetrating in-sights on \u003ci\u003ecost driver analysis\u003c\/i\u003e using such examples as Champion International and Motorola to describe the uses and limitations of activity-based costing, quality costing, and technology costing. \u003cp\u003e\u003c\/p\u003eTraditional cost analysis, the authors show, is limited to assessing the \u003ci\u003efinancial\u003c\/i\u003e impact of managerial decision alternatives, with no consideration for strategic business objectives. In this indispensable guide, Shank and Govindarajan show how \u003ci\u003eStrategic Cost Management\u003c\/i\u003e (SCM) relates to a broader context, where strategic elements become far more conscious, explicit, and formal, and cost data is used to develop superior strategies en route to gaining sustainable competitive advantage.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Shank Govindarajan\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Free Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/18\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 272\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.79lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.74d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781439150368\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eJohn Shank is Noble Professor of Management Accounting at the Amos Tuck School of Business Administration at Dartmouth College. He has published twelve books, and is an active consultant.\u003cbr\u003e\u003c\/p\u003e","brand":"Free Press","offers":[{"title":"Paperback","offer_id":44707442032755,"sku":"9781439150368","price":24.09,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/files\/img_7575c6f2-dbfb-4cef-990d-111967a00762.jpg?v=1775840050","url":"https:\/\/bookstorenmore.com\/products\/strategic-cost-management-the-new-tool-for-competitive-advantage-9781439150368","provider":"Bookstore N More","version":"1.0","type":"link"}