Activity Based Costing for Activity Based Management Meiklejohn Paul‚ Director Management Consulting 17 February 2012 Agenda 1. What is Activity Based Costing (ABC)? 1.1 What is ABC and Why should it be used? 1.2 Traditional costing vs ABC 1.3 Activity based costing processes 2. How ABC should be used to manage (Activity based management)? 2.1 When to use ABC? 2.2 How to use ABC for ABM? 2.3 Scoring High - Low value adding activities 2.4 Activity Based Management applications 3. ABC/ABM implementation
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Buchanan defines motivation. ‘Motivation is a decision-making process‚ through which the individual chooses the desired outcomes and sets in motion the behaviour appropriate to them’ Buchanan‚ D. & Huczynski‚ A. (2004) Organizational Behaviour An Introductory Text‚ 5th Ed Motivation is a desire to achieve a goal‚ combined with the energy to work towards that goal. Employees who are motivated have a desire to complete the requirements of the task at hand. Motivation is a key element
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Literature Review Topic. Motivation Title. Motivation in the workplace Introduction Motivation is a key important influence element in an organization growth and development‚ it is important that manager and leader in organization understand and recognise the important and effect motivation can impact on their organization. ‘’Motivation is the driving force within individuals that compels them physiologically and psychologically to pursue one or more goals to fulfil their needs or expectations
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1 MEANING OF MOTIVATION Motivation has been variously defined by scholars‚ usually one or more of these words are include in the definition: desires‚ wants‚ aims‚ goals‚ drims‚ motives and incentives. “Motivation” is a Latin word‚ meaning “to move”. Human motives are internalized goals within individuals. As Berelson and Steiver state: “A motive is an inner state that energizes‚ activates or moves and directs or channels behaviour toward goals”. Definition of motivation “According
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acculturation process to assist new employees in adjusting to their jobs and work environment and instil a positive work attitude and motivation. It is also socializing process‚ the welcome and the initial introduction to the organization‚ and the work of the employee. Major objectives of orientation: 1. Gain employee commitment 2. Reduce one’s anxiety 3. Help the employee understand organization’s expectations; and 4. Convey what he can expect from the job and the organization A formal orientation
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Motivation Larry Page and Sergey Brin‚ the founders of Google Inc.‚ did not want to apply the traditional culture of corporation based on extrinsic rewards system only and where employees are stuck in a cubicle for hours without sharing ideas or experiences. As the traditional “Do a great job and you will be recompensed with a increment in your salary”. Larry Page and Sergey Brin‚ wanted to create something more‚ an innovative culture in which Human Resources will be call “People operations”‚
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Summary 12.1 Motivating for Performance Motivation is defined as the psychological processes that arouse and direct goal–directed behavior. In a simple model of motivation‚ people have certain needs that motivate them to perform specific behaviors for which they receive rewards that feed back and satisfy the original need. Rewards are of two types: (1) An extrinsic reward is the payoff‚ such as money‚ a person receives from others for performing a particular task. (2) An intrinsic reward is
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PRODUCTIVITY PARADOX – CRASH OF EXPECTATIONS AND STATISTICS: What is Productivity Paradox? Solow computer paradox – Refers to the discrepancy between measures of Information Technology Investment and measures of output at the national level. Summary: Despite the massive investments in Information Technology in the developed economies‚ the IT impact on productivity and business performance continues to be questioned. The paper critically reviews this IT productivity paradox debate and finds
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study Many researchers and authors have defined the concept of motivation. It has been defined as: * The psychological process that gives behavior purpose and direction (Kreitner‚ 1995) * A predisposition to behave in a purposive manner to achieve specific‚ unmet needs (Buford‚ Bedeian‚ & Lindner‚ 1995) * An internal drive to satisfy an unsatisfied need (Higgins‚ 1994) * The will to achieve (Bedeian‚ 1993). Motivation is defined as the inner force that drives individuals to accomplish
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Motivation is the process of stimulating people to act in ways which serve the needs of the organization providing the stimulus. Simply put‚ motivation is discovering and applying whatever is needed to get the employee to carry out designated activities in specified ways. However‚ a clear distinction is made between attitude‚ which is a state of mind‚ and behavior‚ which is a state of action. A milestone in the relationship between the behavioral scientist and the manager was the "Hawthorne Experiments"
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