Faculty of Business and Law: Swinburne Business School ACC80011 Strategic Cost Management Individual Assignment The concept of the customer value proposition underpins the thinking in Michael Porter’s Value Chain, as the chosen integrated activities should lead to enhanced value for both the organisation and the customer. Value Chain analysis is a mechanism which utilises the long established management accounting techniques of Activity Based Costing (ABC) and Activity Based Management (ABM). Efficiency and effectiveness of an organisation can both be enhanced through the application of ABC and ABM. You are required to provide a summary of the current literature on the use of these techniques and comment on their usefulness in supporting strategic decisions. Specific Requirements: 1. Literature Review: Research into ABC and ABM (choose 15 articles for each) Conduct extensive research into the use of these techniques in a contemporary business environment. Your research should be academic in nature and therefore reference to Peer reviewed papers inn EBSCO Host Database is required. Your research should be limited to the last 10-12 years. 2. Analysis: Identification of Trends (if any): Discuss any trends emerging from your research; highlight particular industries or types of organisations which have studied. Discuss the success or otherwise of the adoption of ABC and/or ABM and any issues that the researchers identified. 3. Knowledge integration: (Your Comments) Present your thoughts on the contemporary business environment i. e. what challenges and opportunities do current businesses face. Be specific. Finally, you need to draw conclusions from your research and determine the usefulness of ABC and/or ABM in meeting those challenges and taking advantage of those opportunities. Note: • Present your research in an essay format with approximate word length of 2,500 – 3,000 words • Due Date: Friday 21st April 2017 • This assignment is to be done individually and submitted via Turnitin.