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CONTEMPORARY MANAGEMENT TECHNIQUE RESEARCH PAPER INSTRUCTIONS
Learning Project 2, select one contemporary management technique (listed in the Blocher text) not currently being implemented in the organization/segment that could aid the organization/segment in achieving its Critical Success Factors.
Search for journal articles in professional (peer reviewed) accounting and business journals that pertain to the contemporary management technique chosen.
Write a research paper in APA format.
This assignment should be 10?15 double-spaced pages in length, with 1-inch margins, and APA pagination. The font must be 12?point Times New Roman. The paper must include references from at least 6 different sources. Be sure to include a title page and a reference page in addition to the essay pages. The title page and the reference page DO NOT count as part of the 10?15 page writing requirement.
The paper should address the following, in order:
1. Rationale for the contemporary management technique selected
2. In-depth analysis of the technique in which you fully describe the technique, its implementation process, its application by other organizations, its applicability to your organization/segment, and your plan for implementation.
Some additional guidelines are as follows:
1. The use of first and second person should be avoided (e.g. I, we, etc.).
2. There should be a minimum of your textbooks and two additional scholarly sources. Wikipedia, Investopedia, and the like are not considered scholarly sources and should not be used.
3. Any personal communication should be cited appropriately within the text; however, it is not needed for the reference section.
4. An abstract and Table of Contents are not needed.
The strategic focus of Cost Management:
Robert Kaplan?s classification of the stages of the development of cost management
1. Cost management systems are basic transaction reporting systems
2. As they develop into the second stage, cost management systems focus on external financial reporting. The objective is reliable financial reports: accordingly, the usefulness for cost management is limited.
3. Cost management systems track key operating data and develop more accurate and relevant cost information for decision making: cost management information is developed.
4. Strategically relevant cost management information is an integral part of the system.
Critical success factors (CSF?s):
Are measures of those aspects of the firm?s performance that are essential to its competitive advantage and, therefore, to its success.
Contemporary Management Techniques: the management accountant?s response to the contemporary business environment:
Management accountants, guided by strategic focus, have responded to the six changes in the contemporary business environment with 13 methods that are useful in implementing strategy in these dynamic times. The first six methods focus directly on strategy implementation: the balanced scorecard/strategy map, value chain, activity-based costing, business intelligence, target costing, and life-cycle costing. The next seven methods kelp to achieve strategy implementation through a focus on process improvement: benchmarking, business process improvement, total quality management, lean accounting, the theory of constraints, enterprise sustainability, and enterprise risk management.
Reference
Blocher, E.J., Stout, D., & Cokins, G.(2010). Cost management: A strategic emphasis (custom) (5th ed.). Boston, MA: McGraw-Hill. ISBN: 978-0-390-94421-4.
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