Management Accounting Delivers Long Term Focus - Indian Context 12/12/2011 Contents INTRODUCTION 2 The Balanced Scorecard 2 Balanced Scorecard in Indian Scenario 4 The Balanced Scorecard at Tata Motors 4 Customer Relationship Management 7 CRM implementation in Indian Scenario 7 CONCLUSION 9 INTRODUCTION A criticism of traditional accounting methods like focusing on profit and sales volumes is that they have a tendency to
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• Financial Performance Management Discover how to invest in opportunities that allow you to control costs, determine the best strategy, and use real-time data to make immediate adjustments. o Make better financial decisions faster using real-time data o Cascade your strategy across all levels of the banking organization o Deliver accurate costing information to make more informed decisions Less • Risk and Compliance Management Proactively monitor risks and internal controls to align strategy
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enhance quality of work. ECSs also include applications that are sometimes called office automation systems, which are systems that create workflows to get rid of paper and create a smoother experience for users (O’Brien & Marakas, 2011). Organizations have many systems and ECSs are not ones to be left out. Information systems perform three vital roles in business firms. They support organization’s business processes and operations, give users more valuable information to help with good business
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requested, including objectives, procedures, identification of responsibilities, and estimated fees. OBJECTIVE Provide professional assistance to determine best-suited information system available to meet the business needs based on data input; processes to add, change, or delete data; outputs such as reports or data files that will be exported to another system. Discuss the benefits and drawbacks of chosen information system .Examine the long term benefits on new system including the real costs
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states, it traces the route of packets back to the originator. This is useful in finding different jump points and pathways to the targeted website, It traces the routes packets take from the user to the target. It shows a route by hops. They target the host address. 5. WhoIs provides general data such as address or domain owner, contact information for owner, and linked sites to a domain. This information can be used in further data gathering processes. 6. Sam Spade comes equiped with 100
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defining, and standardizing the business processes necessary to effectively plan and control an organization so the organization can use its internal knowledge to seek external advantage. The ERP system is a set of software applications that organize, define and standardize the business processes necessary to effectively plan and control an organization. Essentially, ERP applications are a computer model of a business, embodying the products and processes, information flow, procedures, and relationships
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Dell Computer Corporation Performance Metrics Every component of a corporate sustainability model should be associated with performance indicators such as inputs, processes, outputs, and outcomes. By determining the appropriate performance measures needed for each component of the sustainability model, companies can evaluate the performance and financial benefits of the sustainability initiatives. Dell Computer Corporation knew that balance is especially important in performance measurement and
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BALANCED SCORECARD EXAMPLE The following is an example of how one might develop a Balanced Scorecard. The information included is fictional and is provided to simply demonstrate the process. Anytown Hospital has just finished a two-day retreat where they revised and updated their mission and vision statements and drafted a strategic plan. The hospital’s vision statement is: The vision of Anytown Hospital is to be the community’s provider of choice. The hospital’s mission statement is: Anytown
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Story of Sustainability National Australia Bank When I hear the term sustainability, I immediately think of ecologically sustainable design (ESD). ESD is widely described as the ability to meet the needs of today without foreclosing the achievement of tomorrows. Working in the building/property services industry, and having a passion for building efficiency and sustainability, means I am surrounded by innovation and the first hand effects of this growing corporate consciousness. Of course for
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INTRODUCTION With the increasing global carbon foot print together with the environmental damage caused by industry toxins & emissions, many companies the world over have switched over to eco-friendly processes & operations. Here’s a look at the 10 most eco-friendly companies in India who are leading by example by contributing their bit to the cause of sustainability & a greener environment. • Wipro Technologies • Suzlon Energy • ITC Ltd. • HCL Technologies • Tata Consultancy Services
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