Chapter 1: Cost Management and Strate
Chapter 2: Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map
Chapter 4: Job Costing
Chapter 5: Activity-Based Costing and Customer Profitability Analysis
Chapter 6: Process Costing
Read: Keller & Alsdorf: Chapters 1, 2, 3, 4
Watch: The Balanced Scorecard
Discussion Thread: Strategic Allocation of Resources
Intuitively, the strategic allocation of resources is known in business. However, many of the nuances and calculations, as well as the importance to other functional areas, may not be known. As a result, those that are not “math” or “accounting” oriented tend to shy away from this concept. Based upon your own experience and/or insights (first person is allowed for this discussion), (1) provide what you think is meant when you hear the term strategic allocation of resources, (2) what you hope to gain from this course, (3) areas that you may not understand, and (4) the importance of this concept to the broader areas of business.