Strategy Management http://businessfinancemag.com/blog/10645/feed Gary Cokins shares his advanced cost management and performance improvement systems expertise with the Business Finance community. en Enterprise Performance Management (EPM) for Santa Claus Inc. http://businessfinancemag.com/blog/enterprise-performance-management-epm-santa-claus-inc <div class="node-body blog-body">The Christmas operations for Santa Claus, his elves, and reindeer need to adopt 21st Century methods to improve service levels to children and improve productivity given the capacity constraints in Santa’s North Pole workshop. It is now time for Santa to apply enterprise performance management (EPM) methods. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/enterprise-performance-management-epm-santa-claus-inc" target="_blank">read more</a></p> http://businessfinancemag.com/blog/enterprise-performance-management-epm-santa-claus-inc#comments balanced scorecard Business Performance Management enterprise performance management KPIs strategy Strategy Management Tue, 02 Dec 2014 21:11:00 +0000 15831 at http://businessfinancemag.com <p><span id="spanArtist">Photo by Andreas Rentz</span>, Getty Images News</p> Intelligent People but Stupid Choices – Try Using Analytics http://businessfinancemag.com/blog/intelligent-people-stupid-choices-try-using-analytics <div class="node-body blog-body">Smart people can routinely make poor decisions. This is due in part to how our brains, inherited from thousands of years of evolution, are wired. They were designed for eating and survival and not to make the types of decisions encountered in our modern world. And there are more reasons why poor decisions are subconsciously made. Analytics can provide the remedy to minimize the damage from poor decisions. </div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> influencer </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/intelligent-people-stupid-choices-try-using-analytics" target="_blank">read more</a></p> http://businessfinancemag.com/blog/intelligent-people-stupid-choices-try-using-analytics#comments analytics business analytics Business Performance Management Planning, Budgeting & Reporting Strategy Management Thu, 01 May 2014 23:15:00 +0000 15571 at http://businessfinancemag.com How are Retired Italian Men Like Us EPM-ers? http://businessfinancemag.com/blog/how-are-retired-italian-men-us-epm-ers <div class="node-body blog-body">The adoption rate of business analytics and progressive enterprise and corporate performance management (EPM / CPM) methods is disappointingly slow. Perhaps we can all learn from retired Italian men who meet up each day in parks and appear to be doing nothing.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/how-are-retired-italian-men-us-epm-ers" target="_blank">read more</a></p> http://businessfinancemag.com/blog/how-are-retired-italian-men-us-epm-ers#comments Business Performance Management corporate performance management customer profitability enterprise performance management Planning, Budgeting & Reporting Technology Strategy Management Tue, 08 Apr 2014 01:05:00 +0000 15511 at http://businessfinancemag.com A Passionate Appeal for Activity-Based Costing (ABC) http://businessfinancemag.com/blog/passionate-appeal-activity-based-costing-abc <div class="node-body blog-body">Old school accountants, and there appear to be many of them, are providing a disservice to the users in their organization. User need accuracy of the costs for their organizations plus what drives those costs. These types of accountants are downright irresponsible with their duties.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/passionate-appeal-activity-based-costing-abc" target="_blank">read more</a></p> http://businessfinancemag.com/blog/passionate-appeal-activity-based-costing-abc#comments ABC activity-based costing Business Performance Management management accounting Planning, Budgeting & Reporting Tax & Accounting Strategy Management Wed, 12 Feb 2014 04:19:00 +0000 15461 at http://businessfinancemag.com 2014 Academy Awards and Analytics-based Performance Management http://businessfinancemag.com/blog/2014-academy-awards-and-analytics-based-performance-management <div class="node-body blog-body"><p>I always find the acceptance speeches at Hollywood&rsquo;s Academy Awards to be inspirational. The ones I enjoy most are Oscar recipients who thank the teams that contributed to their receiving the award. Success comes much more from teams than from an individual&rsquo;s performance.</p> <p>&nbsp;</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/2014-academy-awards-and-analytics-based-performance-management" target="_blank">read more</a></p> http://businessfinancemag.com/blog/2014-academy-awards-and-analytics-based-performance-management#comments analytics business analytics Business Performance Management change management corporate performance management enterprise performance management Planning, Budgeting & Reporting Technology Strategy Management Fri, 24 Jan 2014 16:27:00 +0000 15401 at http://businessfinancemag.com How is Corporate Performance Management (CPM) Similar to Football? http://businessfinancemag.com/blog/how-corporate-performance-management-cpm-similar-football <div class="node-body blog-body">There are many similarities between a football team, both game-related and for individual players, and an organization implementing and applying enterprise and corporate performance management (EPM/CPM) methods, analytics, and Big Data. What are the similarities?</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/how-corporate-performance-management-cpm-similar-football" target="_blank">read more</a></p> http://businessfinancemag.com/blog/how-corporate-performance-management-cpm-similar-football#comments Business Performance Management corporate performance management enterprise performance management Leadership leadership planning Planning, Budgeting & Reporting Strategy Management Thu, 02 Jan 2014 18:48:00 +0000 15351 at http://businessfinancemag.com Can Accountants Grow the Beans Too? http://businessfinancemag.com/blog/can-accountants-grow-beans-too <div class="node-body blog-body">There is a difference between what management accountants report and what managers and employee teams want. This difference gap is being caused by a shift in managers’ needs – from needing to know what things cost (such as a product cost) and what happened – to a need for more purposeful information about what their future costs might be and why – what can happen?</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/can-accountants-grow-beans-too" target="_blank">read more</a></p> http://businessfinancemag.com/blog/can-accountants-grow-beans-too#comments activity-based costing Business Performance Management Corporate Finance driver-based budgeting forecasting Planning, Budgeting & Reporting rolling financial forecasts Strategy Management Thu, 12 Dec 2013 19:48:00 +0000 15281 at http://businessfinancemag.com An Accountant's Coming of Age Story http://businessfinancemag.com/blog/accountants-coming-age-story <div class="node-body blog-body">Accountants are a strange breed. They love math and numbers. Many love the feeling of control. They start out young. Later in their career most experience a “coming of age” and shift from bean counters to bean growers. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/accountants-coming-age-story" target="_blank">read more</a></p> http://businessfinancemag.com/blog/accountants-coming-age-story#comments Business Performance Management corporate performance management cost accounting enterprise performance management financial accounting management accounting Planning, Budgeting & Reporting Strategy Management Thu, 14 Nov 2013 05:54:00 +0000 15131 at http://businessfinancemag.com Some Accountants are the Blind Leading the Blind http://businessfinancemag.com/blog/some-accountants-are-blind-leading-blind <div class="node-body blog-body">Do you want to read one more story of accountants behaving myopically? Here is one where the advice to an accountant is based on the misbehavior of other accountants. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/some-accountants-are-blind-leading-blind" target="_blank">read more</a></p> http://businessfinancemag.com/blog/some-accountants-are-blind-leading-blind#comments activity-based costing Business Performance Management Corporate Finance customer profitability Planning, Budgeting & Reporting product costing Strategy Management Sun, 13 Oct 2013 20:39:00 +0000 14831 at http://businessfinancemag.com Analytics: Like a Mosquito in a Nudist Colony http://businessfinancemag.com/blog/analytics-mosquito-nudist-colony <div class="node-body blog-body">Analytics are like a mosquito in a nudist colony. Why? Because there are so many opportunities! There is a problem, however, that not everyone thinks or behaves like a mosquito. They do not always see opportunities – the opportunities to apply analytics. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/strategy-management">Strategy Management</a></li> </ul></div><p><a href="http://businessfinancemag.com/blog/analytics-mosquito-nudist-colony" target="_blank">read more</a></p> http://businessfinancemag.com/blog/analytics-mosquito-nudist-colony#comments analytics business analytics Business Performance Management corporate performance management enterprise performance management Strategy Management Fri, 27 Sep 2013 13:52:00 +0000 14701 at http://businessfinancemag.com