Concentrate on IKEA main activities, mission, and strategies and highlight an area that need more...
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Accounting
Concentrate on IKEA main activities, mission, and strategies and highlight an area that need more control management. Then, use three of the following tools in order to enhance its control management system.
Resource view of the firm
Management control systems (examples: budgets, non-financial performance measures, reward systems, policies and procedures, ..) - Performance measurement systems (examples: Simons levers of control, .. )
Non-financial performance measurement approaches (Balanced Scorecard, strategy maps, )
Value Chain Analysis
Customer Profitability Analysis
Competitor Analysis
Life Cycle Costing
Target Costing
Transfer pricing
Some other cost management strategies tools include: Just In Time (JIT), Backflush Costing, Lean Production and Lean Accounting, and Human Resource Accounting.
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