Traditional
Performance Measurement Systems
Traditional
Performance measurement system tracks only the financial performance
of the organization relating to profit earned from selling to the
capital required. They focus solely on financial measures based on
internal accounting reports such as profitability, revenue, cash
flows, earnings per share (EPS), return on assets (ROA),economic
value added, etc. These measures are known as lag indicators as they
only reflect the past data and represent historical performance
(Kaplan...
December 26, 2012
Comparing Strategic Management Accounting with Traditional Management Accounting
“Strategy is
the direction in which the organization plans to move to attain its
long-term goal” (Anthony & Govindarajan,
2007). Strategy is concerned with the long-term direction of the
business organization, the scope of its operational activities, the
matching of operational activities to its resource capabilities and
its competitive environment, giving consideration its stakeholders
values and expectations (Porter, 1996 ; Anthony & Govindarajan,
2007).
Traditional
Management Accounting has tended to concentrate on the tactical...
September 12, 2012
Analysis of US Software Industry - Part 2
Part 1 is here .
4 Factor Inputs
4.1 Labour Supply
Software Industry is dependent on very high-skilled technical workers, and demand for these high skilled workers, remains high. The U.S software sector employs almost 2 million people that pay 195% of the national average (Holleyman 2011). Unionization is rare and the industry represents younger workforce most, with large proportions of workers in the age range of 25-to-44. The labour force in software industry is not homogeneous, i.e., workers in this category...
September 10, 2012
Analysis of US Software Industry - Part 1
1 Introduction
The Information Technology (IT) industry has experienced immense growth in the last couple of decades. It has changed the working methods in almost all other sectors in the economy and achieved an increasing economic importance. The software industry is a critical sub set within this Information Technology industry.
The United States has been the world leader in the software industry since its inception. The United States is the largest single software market representing total revenues of $100.6 billion...
August 21, 2012
Case Study: Apple, Inc. Strategy Analysis - Part 2
...continued from Part 1
4 Strategy Analysis (2007 – present)
Apple has utilized its unique resources and core competences to obtain tremendous success over the last five years .Today it has annual revenue in excess of $125 billion compared to $20 billion in end of 2006 and in the span of 5 years between 2007 to 2012 Apple's stock value increased more than 500% from $85 to $542 per share (wikiinvest-APPL, 2012).
4.1 Strategic choice
Apple products follow a Focussed differentiation...
August 14, 2012
Case Study: Apple, Inc. Strategy Analysis - Part 1
1 Introduction
Apple, Inc. is a US multinational corporation that needs no introduction. Apple Inc. with its “Think Differently" motto has been Fortune magazine's “World's most admired company in the World” for the last 4 consecutive years (Fortune, 2012). On February 28th, 2012, Apple, Inc.'s market value toped $500 billion (Blodget, H, 2012).
'Apple Computers' as it was called prior to 2007 had primarily focused on its core computer business. In 2001, it shifted its strategy by entering the portable digital...
July 9, 2012
Managing episodic and continuous change
Introduction
Organizational change is the
transitioning of an organization from its current state
towards a desired future state (Palmer,
Dunfin & Akin, 2006). Weick & quinn (1999) in their article
titled “ Organizational Change and Development“ discuss
organizational change as either episodic or continuous. This
distinction between episodic organizational change and continuous
organizational change provides different ways to understand change
and present different implications for implementing organizational
change. Episodic organizational...
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