African Journal of Business Management Vol. 5(30), pp. 12050-12065, 30 November, 2011 Available online at http://www.academicjournals.org/AJBM DOI: 10.5897/AJBM11.1232 ISSN 1993-8233 ©2011 Academic Journals Full Length Research Paper Management accounting: An instrument for implementing effective corporate governance Mayanja MK and Van der Poll HM Department of Management Accounting, Unisa, Pretoria, 0003 South Africa. Accepted 28 September, 2011 Management accounting is not given sufficient
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Medium 4. (p. 41)______________ changed its compensation strategy as the company grew and matured? A. SAS B. Google C. Microsoft D. CNET Difficulty: Medium 5. (p. 42) At the corporate level, a strategic compensation perspective addresses the question: A. What business should we be in? B. What is our desired return on assets? C. How can our total compensation help gain competitive advantage to achieve organization success? D. How can job analysis help us select the most appropriate
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PRODUCTION MANAGEMENT 1. Define production: According to Elwood Butta “production is a process by which goods or services are created”. Production involves the step by step convertion of one form of material into another through chemical or mechanical process with a view to enhance the utility of the product or services. 2. Characteristics features of production system? 1. Production is an organized activity. 2. The system transforms the various inputs into useful outputs. 3. Production system does
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(a) Question: Using the Strategic Management model discuss its application in a certain organization in Kenya that deals with projects. Strategic Management Model Definition: Strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine
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Research and Training University of Helsinki juha.s.niemela@helsinki.fi Supervisor: Professor Heikki Juslin Department of Forest Economics University of Helsinki heikki.juslin@helsinki.fi Pre-examiners: Professor Hanna Pesonen School of Business and Economics University of Jyväskylä hpesonen@tase.jyu.fi Professor Harri Westermarck Department of Economics University of Helsinki harri.westermarck@helsinki.fi Author's address: Jari Kärnä Finnish Forest Research Institute, Vantaa Research
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activities you undertake there is a certain degree of risk associated with it. This risk however can be managed. Risk management is the identification (where are the risks), measurement, control, mitigation and monitoring of the risk associated with business activities. Goals/objectives * Banks earn their income by managing risk. * The primary goal is to steer risks consciously and actively. * Strike a balance between risk and return (between high risk high return and low
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the owners of a family-owned business with complex relationship issues at a time preceding an anticipated leadership transition. Following individual and group coaching sessions, RDA was able to help the leadership separate personal issues, and codify practices through formal policies to allow the leadership group to focus on business issues without personal complications. At the end of RDA's engagement, the client was well-positioned to begin developing a transition plan. Bob, founder, CEO, and
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the owners of a family-owned business with complex relationship issues at a time preceding an anticipated leadership transition. Following individual and group coaching sessions, RDA was able to help the leadership separate personal issues, and codify practices through formal policies to allow the leadership group to focus on business issues without personal complications. At the end of RDA's engagement, the client was well-positioned to begin developing a transition plan. Bob, founder, CEO, and
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Clarion School for Boys, Inc, Milwaukee Division is a private, for-profit residential treatment, who provide service to young boys. Within 17 years of its operation, they managed to provide services to 120 students with the help of 128 full-time and part-time employees. When they found that the labor cost is almost 68 percent of the school’s operating budget, they believed that computerization could be a better solution for bringing down the high overall operation cost due to the increasing staff
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EXECUTIVE SUMMARY According to Powell (2003), strategic management is considered as a crucial factor to firms’ development and expansion because it deputizes the science of crafting and making initiatives systematically in both short and long periods directed at wining firm’s goals. Firm’s mission statement, vision and strategies are inherently tied, and constitute the key concepts that allow a firm to obligate such objectives. Along with this, the firm strategy has to be immediately fixed and
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