Strategic it management increase value control performance reduce costs 3rd ed 2010 edition by dirk buchta author marcus eul author helmut schulte croonenberg author 0 more. Traditional cost approaches are no longer adequate strategic cost management understands what causes costs to occur through cost driver analysis and value chain analysis the knowledge derived from this process can lead to revenue enhancement cost reduction and increased productivity companies can also increase understanding of . Goal is to reduce the firms cost below that of its competitors while offering adequate value positions differentiation and low cost which in turn require distinct internal value chain activities so the firm can increase value and lower cost at the same time strategic management chapter 9 42 terms blakegary features quizlet live . That they simultaneously improve the strategic position of a firm and reduce costs 2362 strategic cost management can be applied in service and manufacturing settings and in not for profit environments 2363 strategic cost management has three important pillars viz strategic positioning cost driver analysis and value chain analysis
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