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The Use Of Nonfinancial Performance Measures And Their Relationship To Strategy
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Book Synopsis The Use of Nonfinancial Performance Measures and Their Relationship to Strategy by : Suresh Subbarao Kalagnanam
Download or read book The Use of Nonfinancial Performance Measures and Their Relationship to Strategy written by Suresh Subbarao Kalagnanam and published by . This book was released on 1997 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategy, Choice of Performance Measures, and Performance by : Wim A. Van der Stede
Download or read book Strategy, Choice of Performance Measures, and Performance written by Wim A. Van der Stede and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the relationship between quality-based manufacturing strategy and the use of different types of performance measures, as well as their separate and joint effects on performance. A key part of our investigation is the distinction between financial and both objective and subjective nonfinancial measures. Our results support the view that performance measurement diversity benefits performance as we find that, regardless of strategy, firms with more extensive performance measurement systems, especially those that include objective and subjective nonfinancial measures, have higher performance. But our findings also partly support the view that the strategy-measurement fit affects performance. We find that firms that emphasize quality in manufacturing use more of both objective and subjective nonfinancial measures. However, there is only a positive effect on performance from pairing a quality-based manufacturing strategy with extensive use of subjective measures, but not with objective nonfinancial measures.
Book Synopsis Non-Financial Performance Measures Disclosure, Quality Strategy, and Organizational Financial Performance by : Mohamed Omran
Download or read book Non-Financial Performance Measures Disclosure, Quality Strategy, and Organizational Financial Performance written by Mohamed Omran and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the relationship between internal performance evaluation and the ability of external market participants to assess the effectiveness of management's quality strategy for a sample of 156 Australian manufacturing firms that link executive compensation to non-financial performance measures (NFPM).We find that for firms where management compensation is tied to non-financial performance measures, organizational financial performance, as measured by return on investment, has no significant direct association with the extent of disclosure of non-financial performance measures in the financial statements by Australian manufacturing firms. However, this suggests that the origination of a firm's non-financial performance measures indirectly and significantly affects the financial performance of an organization through the implementation of quality based strategy. Further, we find that manufacturing firms that place greater emphasis on quality strategy disclosed more information regarding non-financial measures in their annual reports, and that only for firms following a quality strategy, the disclosure of non-financial performance measures positively impact operating financial performance.
Author :Maurice Gosselin Publisher :Québec : Faculté des sciences de l'administration de l'Université Laval, Direction de la recherche ISBN 13 :9782895242062 Total Pages :33 pages Book Rating :4.2/5 (42 download)
Book Synopsis The Use of Financial and Non-financial Measures in Manufacturing Firms by : Maurice Gosselin
Download or read book The Use of Financial and Non-financial Measures in Manufacturing Firms written by Maurice Gosselin and published by Québec : Faculté des sciences de l'administration de l'Université Laval, Direction de la recherche. This book was released on 2004 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Control in an Age of Empowerment by : Robert Simons
Download or read book Control in an Age of Empowerment written by Robert Simons and published by Harvard Business Review Press. This book was released on 2008-10-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Control in an Age of Empowerment, Robert Simons explains how to give employees the freedom to innovate while protecting your firm from loose cannons. Using powerful examples, Simons shows how to apply four powerful management "levers" to balance autonomy with control: Traditional diagnostic control systems, Belief systems, Boundary systems, and Interactive control systems. Used in concert, these four levers give you the control you need--without sacrificing the creative thinking your company can't do without. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Book Synopsis Knowledge Management in Organizations by : Lorna Uden
Download or read book Knowledge Management in Organizations written by Lorna Uden and published by Springer. This book was released on 2018-07-30 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the refereed proceedings of the 13th International Conference on Knowledge Management in Organizations, KMO 2018, held in Žilina, Slovakia, in August 2018. The theme of the conference was "Emerging Research for Knowledge Management in Organizations." The 59 papers accepted for KMO 2018 were selected from 141 submissions and are organized in topical sections on: Knowledge management models and analysis; knowledge sharing; knowledge transfer and learning; knowledge and service innovation; knowledge creation; knowledge and organization; information systems and information science; knowledge and technology management; data mining and intelligent science; business and customer relationship management; big data and IoT; and new trends in IT.
Book Synopsis The Value Relevance of the Difference Between Nonfinancial and Financial Measures by : Megan Cosgrove
Download or read book The Value Relevance of the Difference Between Nonfinancial and Financial Measures written by Megan Cosgrove and published by . This book was released on 2013 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extant accounting research has focused on the value relevance of nonfinancial performance measures and financial performance measures separately. I examine the value relevance of the difference in those performance metrics. Specifically, I examine whether a difference in nonfinancial and financial information is an indicator of stronger or weaker future firm performance. Additionally, I examine whether the significant difference between nonfinancial and financial measures and future firm performance is related to the life cycle stage of the firm. Finally, I examine whether these differences have an impact on market participants' assessment of firm value. My results suggest that the difference between nonfinancial and financial performance measures is an indicator for future firm performance. Specifically, the higher the difference in performance measure the weaker the future performance of the firm. However, this difference is somewhat mitigated given the various life cycle of the firms. For the mature firms the difference between nonfinancial and financial measures serves as an indicator for future performance, while a firm in the early or growth stage the difference is not a strong indicator of future performance. Additionally, I find that market participants do not impound the difference between nonfinancial and financial measures into their assessment of firm value. This finding supports both proximity and transparency theory as it relates to how these differences are communicated to financial statement users. Given that the difference between nonfinancial and financial provides a signal of future performance suggests that a trading strategy may be implemented to earn future abnormal returns. I develop a trading strategy by taking a long (short) position in firms with a low (high) difference between their nonfinancial and financial performance measures and find significant positive abnormal returns.
Book Synopsis The Balanced Scorecard by : Robert S. Kaplan
Download or read book The Balanced Scorecard written by Robert S. Kaplan and published by . This book was released on 2005 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Personal Balanced Scorecard by : Hubert K. Rampersad
Download or read book Personal Balanced Scorecard written by Hubert K. Rampersad and published by IAP. This book was released on 2006-06-01 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Personal Balanced Scorecard (PBSC) is a journey into the inner self, where values, hopes, dreams and aspirations lie quietly waiting to be discovered. Taking the journey as an individual allows you to view your life objectively and authentically as a whole person and provides a roadmap of your dreams and aspirations translated into manageable and measurable milestones. As a part of the Total Performance Scorecard (TPS) process which I introduced in 2003 in Total Performance Scorecard: Redefining Management to Achieve Performance with Integrity, and which has been translated into more than 20 languages, the Personal Balanced Scorecard can also be an effective way for managers to coach others to achieve integrity and alignment between work and life. The benefit comes from changing individual behavior in order to drive organizational effectiveness, enhance performance, and increase self-awareness, personal responsibility and motivation. PBSC is an integral part of this organic and holistic Total Performance Scorecard process, which is an organizational and cultural change tool and a method for ongoing effectiveness. Its uniqueness lies in aligning and a combination of Personal and Organizational goals to result in Individual Performance Plans for each employee. The focus of this book is the PBSC portion, which comprises a search for self-knowledge, self-discovery and self-mastery.
Book Synopsis Performance Measurement and Management by : Malcolm Smith
Download or read book Performance Measurement and Management written by Malcolm Smith and published by SAGE. This book was released on 2005-04-09 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management accountancy has a dynamic role to play in the competitive strategy of modern global businesses. This book sets out key strategic principles and then assesses how management accountancy can affect and direct these strategies. Engaging case studies reveal how theories and concepts translate into real business practice. Throughout, the book emphasizes: - how accounting initiatives can trigger assessment and improvement of performance management - the importance of managerial decision making to good business practice - how today's management accountancy measures against current research Written for advanced undergraduate, postgraduate and MBA students taking courses on management accounting and performance measurement and management, the book will be also of interest to management and business consultants, professional accountants and accounting academics.
Book Synopsis The Trainer's Balanced Scorecard by : Ajay Pangarkar
Download or read book The Trainer's Balanced Scorecard written by Ajay Pangarkar and published by John Wiley & Sons. This book was released on 2012-06-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The balanced scorecard (BSC) is increasingly the strategic business tool of choice for many organizations. One of the four components of the BSC, ?learning and growth,? is largely misunderstood, underutilized, and ineffectively applied. The BSC framework provides an opportunity for management and workplace learning and performance professionals to communicate through a common language, establish realistic and measurable targets, and align and support the rest of the organization in a strategic way. This book provides proven guidance and customizable tools to measure the role of learning and performance, link it to organizational objectives, and communicate to management results in a common language.
Book Synopsis Wiley CPA Exam Review 2011, Business Environment and Concepts by : O. Ray Whittington
Download or read book Wiley CPA Exam Review 2011, Business Environment and Concepts written by O. Ray Whittington and published by John Wiley & Sons. This book was released on 2010-10-05 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive four-volume set reviews all four parts of the CPA exam. With more than 3,800 multiple-choice questions over all four volumes, these guides provide everything a person needs to master the material.
Book Synopsis Using the Balanced Scorecard as a Control System for Monitoring and Revising Corporate Strategy by : Dennis Campbell
Download or read book Using the Balanced Scorecard as a Control System for Monitoring and Revising Corporate Strategy written by Dennis Campbell and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper illustrates how a company can use its performance measurement system to i) evaluate its operating strategy, ii) identify potential problems with its strategy, and iii) devise plans to mitigate these problems. Kaplan and Norton (1992) define strategy as a set of hypotheses linking non-financial measures to future value through a series of cause-and-effect relationships. Using data from a convenience store chain, we demonstrate how performance measures and the links between the measures can be used to identify potential problems with the firm's operating strategy. Furthermore, we explore whether the performance measurement system can highlight the causes of these problems and identify possible solutions. While preliminary tests indicate no significant direct relationship between non-financial measures of strategy implementation and the firm's financial performance, detailed analysis reveals that financial performance is associated with the interaction of measures of strategy implementation and employee skills. Financial performance also directly relates to employee skills and store location proxies. We find that the firm's strategy positively (negatively) impacts financial performance in stores with high (low) employee skill levels. Thus, a poor fit between strategy and capabilities primarily caused the ineffectiveness of the strategy. These findings highlight the importance of conditioning the formulation and implementation of a firm's strategy on its core competencies. More importantly, we demonstrate that performance measurement systems can be used to monitor, analyze, and revise a firm's strategy.
Book Synopsis The Balanced Scorecard as Strategic Controlling Instrument. Introducing the Indicators-based BSC for Implementation of a Corporate Strategy from Four Different Perspectives by : Christoper Dewangga Pramudita
Download or read book The Balanced Scorecard as Strategic Controlling Instrument. Introducing the Indicators-based BSC for Implementation of a Corporate Strategy from Four Different Perspectives written by Christoper Dewangga Pramudita and published by Anchor Academic Publishing. This book was released on 2016-05-10 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, many companies should not only discuss about how to obtain profits from their products. They should also be forced to use any other aspect that has the ability to increase the impact for their long-term success. Examples are: discussing about the quality of their products, the relationship between them and their customers and employees, the production process as well as marketing. Those are the challenges for all managers who are not only struggling to achieve their company’s targets - high profits - but also to achieve customers', employees' and stakeholders' satisfaction. Therefore, managers need to seek out an approach which is able to help them finishing their tasks and involves all the aspects mentioned. Nevertheless, it is not easy to reconcile conflicting demands of individual interest groups. The concept of the balanced scorecard (BSC) is one of the modern approaches to handle these challenges. The balanced scorecard is the main topic of this book. More precisely, it explains the benefits of introducing the indicators-based balanced scorecard as a strategic controlling instrument for implementation of a corporate strategy from four different perspectives: financial, customer, internal business process as well as learning and growth perspective.
Book Synopsis Controlling Strategy by : Christopher S. Chapman
Download or read book Controlling Strategy written by Christopher S. Chapman and published by OUP Oxford. This book was released on 2005-06-09 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideas about the role of management accounting systems in a firm's strategy have changed in recent years, and this book explores the ways in which this has happened. Management control systems have frequently been seen as irrelevant to strategy, or even damaging. Controlling Strategy draws out the various ways in which management control systems can build and sustain valuable strategic roles. The book explores topics such as: *Strategic measurement; *Strategic data analysis; *The Balanced Scorecard; *Capital budgeting; *Strategy coordination; Written as an introduction to the strategic role of management control systems Controlling Strategy provides a synthesis of important work in the fields of strategy and management accounting. Academics and Advanced Students of Accounting, Strategy, or Management Studies will find the book an indispensable guide to this area.
Book Synopsis New' Performance Measures by : F. H. M. Verbeeten
Download or read book New' Performance Measures written by F. H. M. Verbeeten and published by . This book was released on 2010 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the extent to which Dutch organizations use lsquo;new' performance measures to deal with the perceived inadequacies of traditional accounting performance measures. In addition, the determinants of the use of these lsquo;new' performance measures are documented; finally, the alignment hypothesis is tested. Using survey data from Dutch firms, I find that non-financial measures appear to be used most often in addition to more traditional performance measures; economic value measures and subjective measures appear to be used to a lesser extent. Second, the results indicate that the importance of the shareholder value goal and size are positively related to the use of economic value measures. The importance of the shareholder value goal, a growth mission, task culture and size are all positively associated with the use of non-financial measures. The (relative) use of subjective measures is negatively related to size. Finally, I find no support for the alignment hypothesis that a mismatch between the firm's strategic and contextual characteristics and its performance measurement system adversely affect performance.
Book Synopsis Managerial Accounting for Strategic Decision Making, Preliminary Edition by : Charles E. Davis
Download or read book Managerial Accounting for Strategic Decision Making, Preliminary Edition written by Charles E. Davis and published by John Wiley & Sons. This book was released on 2010-10-18 with total page 751 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business professionals that need to gain a stronger understanding of key accounting concepts will appreciate this book’s approach. It focuses on the core concepts framed within the context of one company, C & C Sports and its supply chain. Through this example, they’ll learn fundamentals of how a business operates along with the type of decisions that managers must make on a daily basis. Focus On mini chapters incorporate streamlined, complete coverage of certain topics. Reinforcing examples and exercises are also included to enable business professionals to assess their level of understanding before progressing to more advanced discussions.
