value and to achieve lower cost. It goes beyond historical measurements and reporting to assess the impacts of current and proposed decisions. Activity Based Management (ABM) is one of the major disciplines of cost management that focuses on the management of activities as a way to improve customer value and profit. The Basics Concept of Activity Based Management The battle to sustain and increase corporate profitability grows ever more arduous in most sectors of the economy. Margins are caught in
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INTRODUCTION The mid-eighties witnessed the emergence of a growing body of work collectively labelled the resource and capability-based view of the firm (RBV). In reality‚ Resource Competence View (RCV) first adopted an “economic” orientation. Pioneer studies (Wernerfelt‚ 1984) ‚ Barney‚ 1986‚ 1991‚ Dierickx and Cool‚ 1989‚ Peteraf‚ 1993) focused on the type of resources and competencies that could offer to its owner a sustainable competitive advantage. Therefore‚ resources and competencies approach
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Proposal to Introduce Value Based Management in NGOs of Bangladesh Munima Siddika[1] Abstract: Presently the rapid growth and diversification of the gigantic NGO sector of Bangladesh has given rise to questions and concerns‚ about their trade-offs between sustainability and pro-poor orientation; the impact and quality of services; corporate governance; management and accountability. The paper is based on a proposal to introduce a modern management system viz. value based management (VBM) in the NGOs
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Strength-based Assessment Strength based assessment is a tool that focuses on people ’s strengths rather than their problems‚ with an aim to move away from categorising the person as the problem and to focus on their strengths and resilience by empowering the client to be the problem solver. It is important for the worker to assist in recognising‚ organising and enhancing existing strengths and resources. The worker needs to be optimistic about what people can achieve by focussing on the capacities
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Roll No. 521117331 Name Chander Shekher ASSIGNMENTS M.Com – 3rd Semester Subject Name: Management Accounting Subject code: MCC 304 Q1 What are the limitations of management accounting Answer Limitations of Management Accounting Management accounting‚ being comparatively a new discipline‚ suffers from certain limitations‚ which limit its effectiveness. These limitations are as follows: (i) Limitations of basic records: Management accounting derives its information from financial accounting
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Since shifting from “academic” based education to “values” based education‚ the United States has fallen as a world leader of education. This movement is producing a culture that cannot think critically and capable of little more than menial tasks. Though the United States is spending $11‚000 per student per year‚ it ranks 19th out of 21 Industrialized Nations and the United States is growing dumber. Psychology-based curriculum is slowly changing the attitudes‚ values‚ and beliefs of the students
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Identification of our company‚ imagined audience and the project context: Our company is called Meals on Wheels. Founded in 2010‚ we are a non-profit organization aiming to deliver homemade‚ fresh‚ and nutritious food to the sick and elderly. Beyond providing for the needs of physical hunger‚ we also open up to relationships with the meal recipients and minister to their moral and spiritual needs. In this project‚ we are addressing our argument to a group of representatives from corporate companies in the country
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Services Executive Summary This report provides an analysis of Activity Based Costing systems and Conventional Costing systems to determine whether the application of Activity Based Costing concepts would be useful at DBS Consulting Services. A profitability analysis of the two consulting services offered by DBS Consulting Services (e-Commerce Consulting and Information Systems Consulting) was performed using Activity Based Costing and Conventional Costing. Using the conventional costing approach
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If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity
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indicated by each ratio with respect to the financial performance and condition of the Charter Company. A. Profitability: Return on average total assets (assume a 46% income tax rate) = EBIT/Total Assets 1983 = 133896 / 1813199 = .073845 1982 = 108180 / 1628046 = .066448 1981 = 155673 / 1541326 = .100999 1980 = 145485 / 1746260 = .083312 1979 = 446649 / 1728694 = .258373 B. Turnover: i. Accounts receivable (based on average gross trade receivables) = Net Credit Sales/Avg Acct. Rec. 1983 = 294715 /
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