Business Synoptic Essay Example | Topics and Well Written Essays - 4000 words - 1

Business Synoptic - Essay ExampleStrategic Posture of draw close at Corporate Level 13 6.0. Efficacy of Nestles Strategic Posture 13 7.0. Alignment of Nestles Strategic Posture with its Management Structure and Philosophy 15 References 17 Bibliography 20 21 1.0. Linkage between Strategic Management Accounting and the Realistic Practices of Nestle concord to the definition of Strategic Management Accounting (SMA), it efficiently links with the business strategy of a soaked and helps to maintain and/or increase its competitiveness. Few basic attributes of the SMA process, relates with the collection of competitors information regarding price, products, market sh atomic number 18 and others identifying opportunities in global market and recognising the efficacy of partys strategic position with providing emphasis on the accounting aspects (Collier & Agyei-Ampomah, 2006). With a thorough analysis of Nestles case study, it can be stated that the company has achieved a sustainable and at the same time quite impressive growth with a long-term benefit to the company. Two most significant causes to stimulate growth of the company can be set as strategic management approach and managerial accounting behaviour of the company to take a certain decision. These two theories can be evidently linked with the companys adopted strategies, with extension phone to case study and fundamentals of the theory SMA. Nestles strategic decisions over the years exhaust been focused on its expansion in the global platform covering almost every stinting market of the world. Thus, one of the companys most significant strategic decisions can be place as its aggressive expansion strategies. For instance, the company started expanding its operations worldwide since 1868 and by late 1990s, the company had already acquired the markets of 76 countries and 193 nations to manufacture and market its products respectively. Another strategic decision taken by the company was to turn its prod uct lining from simple infant formulas to condensed milk, chocolates, coffee drink, soups and mineral water as well. With this strategic conjunction the company was able to achieve a huge amount of profit in western economies, particularly in European and the US markets. However, to imply these strategies in an effective and efficient manner the company focussed on few other factors, such as market competency, internal and external environment and others. In this regards, the company can be observed to apply a few analytical measures. For instance, as mentioned in case study, the company observed that markets of Europe and North America were particularly growing rapidly in terms of competition along with stagnant population growth. This in turn acted as a hindrance to Nestles growth. To be specific, as the population growth was stagnant and number of market players was as well as increasing rapidly, there was a little scope for Nestles growth in the economies. Moreover, the tren ds of markets were enough much favourable for local firms manufacturing the products similar to that of Nestles. Realising these facts, the company initiated to expand its market in acclivitous markets where the population is at rise, demand for branded food items are besides increasing and local competitors are also minimum. Hence, the company instigated its operations in eastern emerging countries such as China, India and others. Accordingly, the company also narrowed its market focus to basic food