Strategic Cost Management

BUS372 (Not Liberal Arts) Strategic Cost Management 3 hrs. 3 crs. This course extends the perspective of cost management/analysis from a primary focus on tactical short-run/micro concerns to an emphasis on strategic long-run/macro issues. The linkage between cost management/analysis and strategy is facilitated by utilizing three powerful strategic management tools: value chain analysis, strategic positioning analysis, and cost driver analysis. Strategic cost management (SCM) exists to support decision-makers as they develop, communicate, implement, evaluate and modify organizational strategy.Preq: BUS 240 and BUS 365.