Introduction To Startegic Cost Management

Question 1

Limitation of startegic cost management

Answer 1

Sir lie

Question 2

Distanctice competence

Superior performance and competitive advantage

Answer 2

Differentiation advantage

Low cost advantage

Question 3

Product differentiation ( differentiation advantage)

Answer 3

Customers perceive the product or service provided by the business to be superior

Differentiation advantage can be achieved through following techniques

1) superior quality
2) superior innovation
3) superior customer responsive

Question 4

Value chain approach for accessing competitive advantage

Answer 4

Internal cost analysis
Internal differentiation analysis
Vertical linkage analysis

Question 5

Traditional vs startegic cost management

Answer 5

COAT FCC

Question 6

Components of strategic cost management

Answer 6

1) strategies position analysis
2) cost driver analysis
3) value creation analysis

Question 7

Strategic postions Analysis

Answer 7

Startegic postions with in industry matters for performance

Internal environment
External ( pestel)
Organisation values and culture

Question 8

Cost driver analysis

Answer 8

Structured cost driver analysis

Executional cost driver analysis