Construction Of Hi-Tech Companies' Strategic Cost Management System

How to improve hi-tech companies' competitive capability and competitive advantage is the hot topic in knowledge-based economy age. The traditional cost management suffers a jam in the exquisite competition. This thesis aims at solving the problem that cost management in the hi-tech companies can't meet the request of strategic management. We build up a system of strategic cost management in hi-tech companies using the ideas and methods of strategic cost management, which includes strategic cost analysis system, strategic method and measure system, strategic performance evaluation system.Strategy orient analysis , value chain analysis and cost reason analysis are the three effective tools of strategic cost analysis, Strategy orient analysis combines cost management with strategy of hi-tech companies; Value chain analysis seeks the ways to build up the enterprises' competitive advantages through the analysis of the internal and external value chain of the hi-tech companies; The driving factors which affects the cost of the hi-tech companies are dug out by cost reason analysis, providing the companies with a effective way to strengthen the control on these factors. With regard to the strategic method and measure system, it is very important to build up a concept of the product whole life cycle. The emphases of cost management in hi-tech companies is not only the production cost, but also upriver cost(design cost) and backwardposition cost(sale and service cost). After confirming the areas of cost management, a series of strategic methods and measures can be used to manage and control the product whole life cycle cost, like activity-based cost management, product life cycle cost management. Strategic performance evaluation is an effective tool which links performance measurement and strategy goals of the hi-tech companies. A realization process of the strategic goals can be monitored and fed back using strategic performance evaluation. At last, this thesis applies the strategic cost management system to study and analyze the hi-tech companies.