The impact of strategic management accounting on strategic decision-making in companies: challenges in implementation
DOI:
https://doi.org/10.71159/bizinfo260005MKeywords:
decision-making, strategic management accounting, financial sustainability, competitivenessAbstract
The process of strategic decision-making in businesses relies heavily on strategic accounting, as it enables managers to better understand financial aspects of the company and allocate resources to the most promising areas. Accounting information plays a crucial role in decision-making by providing accurate quantitative data that supports strategic planning, identifies areas for improvement, and helps companies adapt to complex and rapidly changing business environments. Organizations that effectively integrate accounting data into strategic processes are more likely to achieve sustainable growth and maintain a competitive advantage. This research examines the impact of strategic accounting on business decisions with long-term implications for company development. The findings indicate that, although most respondents are familiar with the basic principles of strategic management accounting, its practical application remains limited and uneven across sectors. In particular, organizations in the financial and service sectors make less use of accounting information in strategic processes, while manufacturing organizations demonstrate a higher level of implementation. The results highlight the need for additional investment in employee training and the development of tools that support the strategic role of management accounting.
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