Developing an effective cost management strategy is only half the battle. You also need to know how to implement that strategy effectively if you are to be successful. Some of the principal means organizations will use to implement their strategy include the following:

SWOT analysis

Focus on execution

Value chain analysis

Balanced scorecard and strategy map

Understanding how each of these tools works can help you to implement a cost management strategy effectively.

Submit a $3-$page paper with $12$ sources that explains how each of the following tools can be used to implement a competitive cost management strategy:

SWOT analysis

Focus on execution

Value chain analysis

Balanced scorecard and strategy map