Explain activity based management, Strategic Management

Assignment Help:

Q. Explain Activity based management?

Activity based management (ABM) is about satisfying customers whilst making fewer demands on internal resources.  The aim is that once cost drivers are created, organisations can aim to reduce cost, by creating models for more effective planning and control.  ABM can lead towards the elimination or reduction of non-value added activities e.g. customer returns, complaints and obsolesce of stock.  By eliminating activities which don't add value to customers, an organisation may still satisfy customers and at the same time make fewer demands on organisations resources.


Related Discussions:- Explain activity based management

How cost-leadership make use of ict, Question 1: (a) Explain a framewor...

Question 1: (a) Explain a framework for a company to manage its application portfolio. (b) Apply the application portfolio concept to show the different applications for a

Strategy & principles-passing the test of moral scrutiny, Strategy & princi...

Strategy & principles:- Passing the Test of Moral scrutiny 1.   In choosing among strategic alternatives, companies' managers are well advice to embrace actions that are genui

Make a list of business goals, Harriet's Fruit and Chocolate Company was es...

Harriet's Fruit and Chocolate Company was established in 1935 in the Pacific Northwest of the United States to ship gift baskets of locally grown peaches and pears to customers in

What do you mean by controllable costs, Q. What do you mean by Controllable...

Q. What do you mean by Controllable costs? Controllable costs Divisional variable (marginal) cost. Divisional 'specific' fixed cost e.g. Specifically incurred by

Global environment, what are the issues in a global environment

what are the issues in a global environment

Explain how material requirements planning improve operation, Explain how M...

Explain how Material Requirements Planning (MRP) might improve operations. Reduced stock holding MRP can simplify inventory control and levels of stock holding may be de

Strategic planning, advantages and disadvantages of strategic planning

advantages and disadvantages of strategic planning

Strategies and actions for objectives, Strategies and actions for objective...

Strategies and actions for objectives The list of strategies and actions for business objectives are as follows: The company will open the new fitness centre in Perth which

Show the features of international and global strategies, Question: (a)...

Question: (a) Firms are always looking to outperform each other; three generic strategies have been identified to allow them not only to attain advantages over competitors b

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd