List the themes each management accountant discusses in regard to the management accountant's role in innovation and the importance of innovation to an organization.

List the activities or stages that take place in the life of a product or service. Do you believe innovation is more or less important in these stages? How can management use the cost measurement in these stages to improve innovation processes?

Explain the process of target costing. Explain how value engineering and target costing could be utilized in the development of your cost object. Address how target costing and value engineering could be utilized to innovate value to your customers.