...Unit 1: Role and Scope of management accounting 1.1The Role of the Management Accountant |Content |CLP |Text |Worked Example/Activity Ref | | | | | | |What is it? Provision of info financial and non-financial to decisions makers usually in|Pg 9 | |Activity 1 - the role of the| |the organisation | | |decision maker | | | | | | |Thought Process: | | | | |understanding what is required | | | | |calculating or compiling the information required | | | | |analysing, interpreting or understanding the information obtained | | | | |Making recommendations and drawing conclusions | | ...
Words: 28074 - Pages: 113
...Final paper The ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles, with recent sales at $1.2 million, the company wants to reach the $3 million mark over the next 3 years. As a newly hired Corporate Controller for this company, I have been assigned the task of developing and overlooking a new plan made by the CEO that will use some of the shingle scrap materials to build cedar houses. The newly develop plan will certainly bring new challenges for the company on the form of increased cost and labor; However it will also provide additional revenue and gross profit to help reach the growth targets. On this paper I would go over the details of the report made for the CEO that includes information on the overall risk profile based on actual market conditions, a current company cash flow, the product cost and any potential investments that might accelerate profits. The Risk profile for this company includes several different factors that are mostly due to current market conditions, and the level of risk the company will face by adding extra inventory and expenses. Unfortunately risk is a reality of doing business, whether the company is large or small, public or private, risk will always be present since nothing on the business world warrants a guarantee. Some of the key risk points are: Inventory represents a big portion of the cash flow, therefore having extra inventory on hand will have an impact on the company's future cash...
Words: 1538 - Pages: 7
...International Diplomacy Reference Text 1. International Business – Daniels and Radebough 2. International Business – Sundaram and Black 3. International Business – Roebuck and Simon 4. International Business – Charles Hill 5. International Business – Subba Rao 3.0.2 Strategic management 100 Marks Course Content 1. Strategic Management Process: Vision, Mission, Goal, Philosophy, Policies of an Organization. 2. Strategy, Strategy as planned action, Its importance, Process and advantages of planning Strategic v/s Operational Planning. 3. Decision making and problem solving, Categories of problems, Problem solving skill, Group decision making, Phases indecision making. 4. Communication, Commitment and performance, Role of the leader, Manager v/s Leader, Leadership styles. 5. Conventional Strategic Management v/s Unconventional Strategic Management, The differences, Changed Circumstance 6. Growth Accelerators: Business Web, Market Power, Learning based. 7. Management Control, Elements, Components of Management Information Systems 8. Mckinsay‘s 7 S Model: Strategy, Style, Structure, Systems, Staff, Skills and Shared values. 9. Group Project Reference Text 1. Strategic Management – Thompson & Striekland McGraw Hill Irwin 2. Competitive advantage – Michael Porter 3. Competitive strategy – Michael Porter Optional Group – Marketing 3.1.1 Marketing Strategy – University...
Words: 13742 - Pages: 55
...Whistleblowing at Westfield Textile Manufacturing Internal Stakeholders The internal stakeholders are the Westfield Textile Manufacturing employees who rely on their jobs to support themselves and their family. David Davidoff, the CFO, is also a stakeholder who must consider his reputation and his job during this process. The CEO and the COO are also stakeholders who can potentially put their reputation and jobs at risk dependent on the outcome of the case. The Board Members and Shareholders are stakeholders who depend on the financial gains of the company and the decisions that are made amongst the management at Westfield Textile Manufacturing. External Stakeholders One of the external stakeholders is the citizens of the undeveloped countries which can be harmed by the toxic product. The potential buyer from Good Housekeeping Magazine who may potentially gain from the sale of the toxic product is also a stakeholder. Also the family members of the employees at Westfield Textile may be impacted if the employees lose their jobs. Finally, the disposal company is a stakeholder who may gain or lose money dependent on the outcome of the case. Moral Considerations Selling products that are carcinogenic to a dealer while knowing the potential harm that it can cause is immoral because it is withholding harmful information that would harm innocent babies. It would be acting out of greed while harming others in the process and not acting for the best interest of others...
Words: 811 - Pages: 4
...Competitive Advantage 7 2.4. Current Status and Requirement 9 3. Management Team 10 3.1. Management Team 10 3.2. Board of Directors and Advisers 12 3.3. Key Professional Services Providers 13 4. Company Structure, Intellectual Property, and Ownership 13 4.1. Organizational Structure 13 4.2. Legal Structure 15 4.3. Intellectual Property 16 5. Industry Analysis 16 5.1. Industry Description 16 5.2. Target Market 20 5.3. Competitive Position within Target Market 25 6. Marketing Plan 25 6.1. Product Feasibility and Strategy 25 6.1.1. Product Strategy 26 6.1.2. Concept Testing 26 6.1.3. Usability Testing 26 6.2. Pricing Strategy 27 6.3. Channels of Distribution 27 6.4. Promotions and Advertising 28 7. Operational Plan 29 7.1. Method of Services Delivery 29 7.2. Availability of Qualified Labor Pool 30 7.3. Business Partnership 30 7.4. Quality Control 31 7.5. Customer Support 31 8. Financial Plan 32 8.1. Capital Requirements for the Next Three to Five Years 32 8.2. Overview of Financial Projection 33 8.3. Income Statements 33 8.4. Cash Flow Projections 33 8.5. Balance Sheet 34 8.6. Payback and Exit Strategy 34 9. Critical Risk Factors 35 9.1. Management Risks 35 9.2. Marketing Risks 35 9.3. Operating Risks 36 9.4. Financial Risks 36 9.5. Intellectual Property Infringement 36 Reference 38 Appendices...
Words: 7553 - Pages: 31
...Corporate Compliance Plan for Riordan Manufacturing October 19, 2009 Riordan Manufacturing is a profitable company generating large amounts of revenue for Riordan Industries. This compliance plan will outline the company’s legal processes and standards to ensure the company will be able to continue to operate and remain profitable in the future. The plan will address the laws that affect the company and provide a guideline for ensuring employees adhere to these laws. Riordan Manufacturing was started in 1991 by Dr. Riordan. He started the company by developing a process for turning polymers into high tensile strength plastic substrates. He patented these processes. In 1992 he purchased a manufacturing plant that made fans and started to get into the manufacturing business instead of just research and development. In 2000 the company started to venture out and expanded into China. This plan will outline an Alternative Dispute Resolution (ADR) for the company to use to keep them on track with their mission. Then discuss enterprise and product liability. Briefly discussed will be issues with international law and how those laws affect the expansion into China. The paper will cover tangible and intellectual property, legal forms of business as well as governess. The paper will also cover enterprise risk management as outlined by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). It will conclude by wrapping up with a discussion on laws that Riordan must...
Words: 4209 - Pages: 17
...Aircraft Manufacturing Industry Outsourcing in a Global Market Aircraft Manufacturing Industry Outsourcing in a Global Market Table of Contents Table of Contents 1 Abstract 2 Introduction 3 Growth of Outsourcing 5 Benefits of Outsourcing 6 Disadvantages of Outsourcing 8 The Global Market and Aircraft Manufacturing 9 Conclusion 12 Bibliography 13 Abstract The aircraft manufacturing industry is dominated by a few key players: Bombardier, Boeing, and Airbus being the most prominent. It is in a constant struggle to deliver ever more intricate machinery that are safe and reliable - while maintaining a competitive cost structure. With countries such as China and India becoming more commercialized, air travel will continue to grow at a consistent rate; however, steady growth is not without its challenges: rising fuel prices and mounting material costs have forced aircraft manufacturers to look for other ways of maintaining a competitive structure. One way of maintaining a competitive cost structure is through outsourcing of non-fundamental core jobs. This practice has become so prominent with some of the world’s major aircraft manufacturers that the parts used to build planes today come from all over the world. The airline industry is a fairly resilient industry, even with slow economic times the need for people to travel for business and pleasure is still present. Outsourcing of non-core jobs may be the answer for cost efficiencies but can have serious...
Words: 3083 - Pages: 13
...the form of exporting or importing. Companies should recognize the difference between export marketing and export selling. By attending trade shows and participating in trade missions, company personnel can learn a great deal about new markets. Governments use a variety of programs to support exports, including tax incentives, subsidies, and export assistance. Governments also discourage imports with a combination of tariffs and nontariff barriers. A quota is one example of a nontariff barrier. Export-related policy issues include the status of foreign sales corporations (FSCs) in the United States, Europe’s Common Agricultural Policy (CAP), and subsidies. Governments establish free trade zones and special economic zones to encourage investment. The Harmonized Tariff System (HTS) has been adopted by most countries that are actively involved in export-import trade. Single-column tariffs are the simplest; two-column tariffs include special rates such as those available to countries with normal trade relations (NTR) status. Governments can also impose special types of duties. These include antidumping duties imposed on products whose prices government officials deem too low and countervailing duties to offset government subsidies. Key participants in the export-import process include foreign purchasing agents, export brokers, export merchants, export management companies, manufacturers’ export agents, export distributors, export commission representatives, cooperative exporters...
Words: 8210 - Pages: 33
...ANALYSIS ON TATA MOTORS STRATEGIC MANAGEMENT IN BUSINESS RANDY LOUIS WIZAR 1342981486 FELERI 1342981196 BINUS BUSINESS SCHOOL MASTER OF MANAGEMENT YP’S IN BUSINESS MANAGEMENT BINUS UNIVERSITY JAKARTA 2014 SYNOPSIS Tata Motors Limited is India's largest automobile company, with consolidated revenues of INR 1, 88,818 crores (USD 34.7 billion / IDR 400 trillion) in 2012 to 2013. This largest automobile company is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. As being said as the market leader, Tata Motors also the world's fourth largest truck and bus manufacturer. Tata Motors expand its international footprint, established through export since 1961. The company’s commercial and passenger vehicles are already being marketed in several countries in Europe, Africa, the Middle East, South East Asia and South America. It has franchisee/joint venture assembly operations in Malaysia, Kenya, Bangladesh, Ukraine, Russia and Senegal. Tata Motors recently acquired the Jaguar and Land Rover businesses from Ford Motor company for a net consideration of US $ 2.3 bn. The Tata Motors Group's has over 55,000 employees; they are guided by the mission "to be passionate in anticipating and providing the best vehicles and experiences that excite our customers globally." The group has been doing a lot of acquisitions, such as Tetley, Daewoo Motors, Nat Steel, Teleglobe...
Words: 1698 - Pages: 7
...chain in manufacturing industry and then explores the leadership roles of the engineer in the management of the value chain. Furthermore, this report analyzes the benefits of using an engineer in the value chain management and points out that the engineer is best suited to perform the value chain management role. Table of Contents Introduction 2 The Value Chain in manufacturing industry 2 Role of the Engineer in Value Chain 4 Main Management Actions of Value Chain 4 Leadership Role in the Value Chain Management 4 Benefits of Using an Engineer in Value Chain Management 5 Conclusion 6 References 7 Introduction The demands of the new economy caused by globalization have changed the focus of companies from internal efficiency to the creation of value in the extended enterprise, including their suppliers, alliance partners, distributors and customers. The concept of value chain has attracted a great deal of attention from managers and researchers. Porter (1985) described the value chain as a complex series of activities through which a product or service is designed, produced, marketed, delivered and supported and these activities coordinate the nexus between supply and demand. This report explains the leadership roles of the engineer in the value chain management and argues that the engineer is best suitable for performing the value chain management role. The Value Chain in manufacturing industry ...
Words: 1261 - Pages: 6
...Summary………………………………………………………………………………...4 2.0 Company Profile Goals and Objectives……………………………………………………………………………..5 Business Overview………………………………………………………………………………..5 Company History…………………………………………………………………………………5 Management………………………………………………………………………………………6 Location…………………………………………………………………………………………...6 Legal Structure…………………………………………………………………………………...6 Vision & Mission………………………………………………………………………………….6 3.0 Market Research Industry Profile & Outlook………………………………………………………………………7 Local Market……………………………………………………………………………………...8 Target Market…………………………………………………………………………………….8 Keys to Success……………………………………………………………………………………8 SWOT Analysis…………………………………………………………………………………...9 4.0 Sales & Marketing Pricing Strategy………………………………………………………………………………….10 Marketing Strategy……………………………………………………………………………...10 Positioning Statement …………………………………………………………………………..11 The Sales Process………………………………………………………………………………...11 Strategic Alliances……………………………………………………………………………….11 5.0 Operations Locations…………………………………………………………………………………………12 Legal Issues………………………………………………………………………………………12 Insurance Issues…………………………………………………………………………………13 Human Resources………………………………………………………………………………..13 Process/Production………………………………………………………………………………14 Risk Assessment………………………………………………………………………………….14 6.0 Financials Start-Up Costs & Break Even (Includes Start-Up Cost Sheet)……………………………….16 Sales Forecast………………………..…………………………………………………………...17 Cashflow (Yr1&2 Sales Sheets)…………………………………………………………………18 ...
Words: 7194 - Pages: 29
...Recommendations: 7 Elaboration: 8 Plan for Implementation: 9 Financial Forecast: 11 Contingency Plan: 11 Alternatives 11 Appendix: 11 Introduction Dr. Reddy’s Laboratories started as a primary API manufacturer to cater to the Indian and international markets. Later DR Reddy’s pioneered the operations formulations and today, it is one of the most established companies in the Indian and Global pharmaceutical industry. DRL is a 200 million dollar venture with presence in almost all major therapeutic areas, providing affordable and innovative medicines in all major therapeutic areas like gastro-intestinal, oncology, pain management, cardiovascular, dermatology, diabetes, etc. DRL operates in three business segments- Pharmaceutical Services & Active Ingredients, Global Generics and Proprietary Products. Its Indian manufacturing operations were strengthened by acquiring American Remedies Ltd and this acquisition made Reddy’s the third...
Words: 4430 - Pages: 18
...Development/NGO, Management Development and so forth. Since its inception, Bdjobs Training has been mentoring the professionals by providing latest industry focused education. BT, in this expedition, engages hundreds of industry experts to ensure quality education to the young entrepreneurs and professionals of the country. BT offers both short (1 or 2 days) and long courses in the form of workshop and certificate training. Also BT offers customized in-house training programs exclusively designed for a group of employees. Customized courses can be provided either at our training facilities or on-site at clients’ location. Our training programs are lively, interactive, and include role-playing and demonstrations of real-life workplace issues and solutions. bdjobstraining.com Page |2 bdjobstraining.com Page |3 TRAINING TRACKS Marketing/ Sales Track • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 1111 Selling Techniques for Excellence 13 Lessons to turn every Company into Fantastic Brands Advance Selling Techniques Art of Pharmaceutical Sales Brand Management–Walking the Talk Branding for Bangladeshi Business Constructive & Modern Leadership Approach in Selling through Team Building Corporate Sales Management for Excellence Creating New Prospects and Managing Sales Pipeline Creative & Successful Selling Techniques for Excellence Customer Relationship Management (CRM) Digital / On-line Marketing - New Era of Brand Management Effective...
Words: 2551 - Pages: 11
... KAM is a perfect example for micromarketing. (Barrett, 1986) Introduction: Key Account Management (popularly known as KAM) is an organizational form emphasizes partnerships and strategic alliances with customers and suppliers, and focus on relationship building through repetitive, rather than single, sales transactions. It involves the sales and marketing process like customer selection, customer satisfaction, channel management, relationship management, etc. in building long-term relationships creating competitive advantage for the organization. It improves performance, which leads to shareholder value creation (Gosseling & Bauwen, 2006). This reports discusses the briefly the business of company B and its relevance to KAM, and then looks into problems which the company B is facing in terms KAM. The issues are analysed using various frameworks and recommendations made in the research articles on the topic and identifies the ways to tackle these problems. Recommendations are made for improving the status quo in terms of KAM. The real problem The company B which is being referred is into manufacturing of industrial pressure relieving devices which are used in petrochemicals, refineries, pharmaceuticals, chemicals, food, cement and power plants. The sales forces is responsible for generating MRO (Maintenance, Repair and Overhaul) businesses, following new projects in the region and handling KA (Key Accounts), which are majorly OEMs (Original Equipment Manufacturers)...
Words: 2766 - Pages: 12
...failure of the Kittyhawk program? e. Is there any way HP could have avoided its fate by addressing these root causes? In June 1992, Hewlett-Packard (referred to HP hereafter) introduced smallest hard disk drive in the world named as the Kittyhawk. It was the first ever commercially produced hard drive in a 1.3 inch form factor. The idea was conceptualized in early 1991 by HP’s management when it was eagerly trying to explore strategies for transforming their Disk Memory Division (DMD) as a market leader. Kittyhawk project team was led by Rick Seymour under the supervision of Bruce Spenner. From the inception of Kittyhawk, Spenner had been keen that the new technologies that had an enormous potential to cause new-market disruptions. He intended to create a disk drive feasible with any product that had microprocessor. Kittyhawk offered a smaller, light weight and highly reliable solution for customers as the trade-off for reduced performance. But believing they had a chance to enter new markets, HP channelized their organization efforts on these new technologies. Some people from top management of HP got involved, creating separate, financially autonomous divisions and providing limitless access to necessary...
Words: 1373 - Pages: 6
