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Gopika Juneja, Lovely Professional University Unit 14: Emerging Concepts in Cost Management

Unit 14: Emerging Concepts in Cost Management Notes

CONTENTS
Objectives
Introduction

14.1 Value Chain Analysis
14.1.1 Competitive Advantage and Customer Value
14.2 Low-cost Provider Strategies

14.3 Differentiation Strategies
14.3.1 Types of Differentiation Themes
14.4 Strategic Frameworks for Value Chain Analysis
14.4.1 Industry Structure Analysis
14.4.2 Core Competencies

14.4.3 Segmentation Analysis
14.4.4 Limitations of Value Chain Analysis
14.4.5 Value Chain Analysis vs. Conventional Management Accounting

14.5 Target Costing
14.5.1 Several Stages to the Methodology
14.5.2 Benefits of Target Costing
14.6 Kaizen Costing
14.6.1 Kaizen Estimates in Practice

14.6.2 Benefits of Kaizen Costing
14.7 Life Cycle Costing
14.7.1 Product Life Cycle

14.7.2 Various Stages of Product Life Cycle
14.7.3 Product Life Cycle Costing
14.8 Summary
14.9 Keywords
14.10 Review Questions

14.11 Further Readings

Objectives

After studying this unit, you will be able to:
 Explain the concept of value chain analysis;
 Describe target costing in detail;

LOVELY PROFESSIONAL UNIVERSITY 251