Alkhadash & Feridun (2006), examined the relation between the practice of Activity Based Costing as a strategic initiatives and the improvement in financial performance of 56 industrial companies in Jordan and they found also, that some of these companies use at least one of the strategic initiatives and the awareness level of the importance of using the strategic initiatives is to be significantly high among financial managers. Implementing Strategic Management Accounting (SMA) helps management to overcome the hard competition. SMA and Management Accounting (MA) offer similar functions at an operational level. However SMA tries to develop the ideas of MA and refines them. It uses financial and non-financial information. They also found in their study that linking strategy orientation and SMA tools has a limited significance, but there was an empirically support of the relationship between costing techniques of SMA (activity based costing, life cycle costing, quality costing, target costing and value chain analysis) and the strategy, the evidence which is stated in the study suggests that “defenders” make greater use of costing techniques.
Sucu (2010), tested the applications of Strategic Management Tools (SMT) in 55 medium sized Turkish enterprises; he found that SMT is not known by medium sized enterprises. The most common tools which are used; benefit-cost analysis, risk analysis, total quality management and portfolio analysis. He tested the levels of using SMT and satisfaction with them in 53 five-star hotels in Turkey. They found that the levels of using SMT were high, but satisfactions with them were low. The tool which is highly used is the customer relationship management. The tool which has the highest satisfaction scores is the SWOT analysis. They also found that there is no significant difference between satisfaction levels of Strategic Management Tools and demographic variables. He also found in his study that SMT implementation has a positive impact on cost control and cost reduction, depending on a questionnaire survey of the large-sized Croatian companies.