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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.
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groups and or teams will solve all the effectiveness and efficiency challenges facing the 21st century organisations.discuss
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(a) Define the concept of strategic performance management. (b) Explain how the Balanced Score Card (BSC) is used to connect strategic planning to performance measurement in
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