Management Accounting Strategies with Business Efficiency
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Abstract
This academic article aims to study management accounting strategies with business efficiency. Using the Contingency Theory by Fiedler (1967) and the Situational management concept of Akdoğan and Cingöz (2012) stated that businesses must accept changes in circumstances and adapt to those changes. However, changes in circumstances determine the growth and survival of an organization.
Findings are as follows: Management accounting strategies with business efficiency,
together with (1) The situation determines the style of management. (2) Choosing a management style that is appropriate to the situation. (3) Strategic planning affects the discovery of new business opportunities and awareness of upcoming risks. The management style starts with planning and ends with control, which brings competitive advantages to the business. That means business efficiency.
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Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
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