Chris Durden
University of Southern Queensland
Hector Perera
Massey University
Abstract: Management accounting systems have been criticised for being excessively focused on short-term organisational performance, neglecting long-term strategic direction and goals. This paper addresses this issue by extending the notions of strategic control and the balanced scorecard, and proposes an approach based on the concept of strategic navigation, which recognises explicitly the turbulence of the organisational environment caused largely by technology and globalisation. The concept of strategic navigation has fastforward change as a core focus, and incorporates the salient features of the extant strategic control models. The paper argues that a clear understanding of this phenomenon is a prerequisite for enhancing the relevance of management accounting systems in modern organisations.
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