Pick a well-known company with which you have some familiarity. select 1 of the contemporary management techniques listed in Chapter 1 of the Blocher et al. text. Why and how do you feel that the contemporary management technique selected would be a posit

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Discussion Board Forums Instructions

In the first module/week, submit a thread of 300–400 words directly addressing the forum prompt. In your threads, synthesize course material and demonstrate critical thinking, graduate-level writing skills, and mature reflection. Cite the textbooks and scholarly articles from professional accounting and business journals. Use at least 3 journal articles for the Forum. Adhere to current APA format in all posts. Note that management techniques must not be capitalized.

Select a well-known company with which you have some familiarity (specify the type of industry). Then, select 1 of the contemporary management techniques listed in Chapter 1 of the Blocher et al. text. Why and how do you feel that the contemporary management technique selected would be a positive force in helping the company achieve its critical success factors? Do not discuss a technique you already know the company is using.

The first 6 methods focus directly on strategy implementation:

1. The balanced scorecard and strategy map,
2. Value chain,
3. Activity-based costing and management,
4. Business analytics,
5. Target costing,
6. Life-cycle costing.

The next 7 methods help to achieve strategy implementation through a focus on process improvement:

1. Benchmarking
2. Business process improvement,
3. Total quality management,
4. Lean accounting,
5. The theory of constraints,
6. Sustainability,
7. Enterprise risk management.