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Management Accounting in Support of Strategy by Graham S. Pitcher

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CHAPTER 8

Implementation Issues

Management Accounting in Support of Strategic Implementation

It could be said that the most difficult part of the strategic management process is the implementation phase. The accountant is well placed to aid with this aspect as the strategic plan needs communicating and, the first year at least, needs crystallizing into an operational plan.

Crystallizing the Strategic Plan into an Operational Budget

Once the strategic plan is agreed the key to implementation is ensuring that the plan is communicated effectively throughout the organization. The use of operational budgets is a common approach that is utilized to control activities and is often seen as an annual exercise. However, the practice of using budgets as ...

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