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MANAGEMENT ACCOUNTINGSTRATEGIC MANAGEMENT
FINAL: PAPER- 13GROUP - III
STUDY NOTES
THE INSTITUTE OFCOST AND WORKS ACCOUNTANTS OF INDIA
12, SUDDER STREET, KOLKATA - 700 016
 
First Edition: January 2008Reprint: December 2009
Published by:
Directorate of StudiesThe Institute of Cost and Works Accountants of India12, Sudder Street, Kolkata - 700 016
Copyright of these Study Notes is reserved by the Institute of Cost andWorks Accountants of India and prior permission from the Institute isnecessary for reproduction of the whole or any part thereof.
Printed at :
Repro India Limited50/2 T.T.C. MIDC Industrial Area, Mahape, Navi Mumbai - 400710.
First Revised Edition: May 2011
 
i
PartParticularsPage No.A
Meaning and implications of Corporate Planning 1Characteristics of Corporate Planning2Steps involved in Corporate Planning2Long range planning6Corporate Planning vs Strategic Planning and Strategic Management9Corporate Planning vs Business Policy Planning9Business Policy Planning and Strategic Planning10Importance of Policies10Types of Policies 10Principles of Policy Making11Process of Policy Formulation12Basic Areas of Policy Making13Strategic Planning15Strategic Planning at the Corporate Level 16Strategic Planning Process17Steps to Strategic Planning17Process of Strategic Planning and Implementation18Strategy 20Business Strategy20Corporate Strategy21Answering Basic Questions to Develop Strategy22Requisites of an Effective Strategy23Strategic Management24
Benets of Strategic Management
26Strategic Management Framework26Importance of Strategic Management26Strategic Management Process27Vision29Vision, Mission and Objectives in Business29Meaning and Use of Mission29Organisational Mission and Objectives30Purpose and Mission30
Paper 13
MANAGEMENT ACCOUNTING – STRATEGIC MANAGEMENT
Contents
Study Note – 1: Introduction to Business Strategy
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