Strategy Management http://businessfinancemag.com/blog/10645/feed en 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 Are CPAs Joining the Dark Side? http://businessfinancemag.com/blog/are-cpas-joining-dark-side <div class="node-body blog-body">CPAs have a reputation of being more reporters of history compared to being deep analysts and strategic advisors. Does that reputation continue to have merit, or are CPAs changing their ways on how to contribute more to their organization’s performance? </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/are-cpas-joining-dark-side" target="_blank">read more</a></p> http://businessfinancemag.com/blog/are-cpas-joining-dark-side#comments budgeting business analytics Business Performance Management corporate performance management enterprise performance management FP&A planning Planning, Budgeting & Reporting Strategy Management Tue, 30 Jul 2013 16:16:00 +0000 14041 at http://businessfinancemag.com CFOs – Vanguards or Villains? http://businessfinancemag.com/blog/cfos-vanguards-or-villains <div class="node-body blog-body">Many magazine articles proclaim that the CFO has expanded to a role of a strategic advisor. But does the evidence support this assertion? Many companies retain managerial accounting practices that are arcane, flawed, misleading, and incomplete. Commonly accepted explanations of why some CFOs are not progressive hide the root cause reason which is more behavioral than technical. </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/cfos-vanguards-or-villains" target="_blank">read more</a></p> http://businessfinancemag.com/blog/cfos-vanguards-or-villains#comments accounting Business Performance Management CFO Corporate Finance finance managerial accounting Strategy Management Mon, 01 Jul 2013 17:25:00 +0000 13691 at http://businessfinancemag.com Movie Sequel – 'Accountant Pirates of the Caribbean' http://businessfinancemag.com/blog/movie-sequel-accountant-pirates-caribbean-0 <div class="node-body blog-body">Are accountants being unethical or just irresponsible when they misallocate costs to products, service-lines, channels, and customers? Are they not adequately serving the needs of their managers and workforce when they report flawed and misleading information needed for insights and better decision making? Should we place shame on them or shame them? There is a difference. </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/movie-sequel-accountant-pirates-caribbean-0" target="_blank">read more</a></p> http://businessfinancemag.com/blog/movie-sequel-accountant-pirates-caribbean-0#comments Business Performance Management causality principle competitive advantage cost allocations managerial accounting unethical Strategy Management Wed, 29 May 2013 15:03:00 +0000 13351 at http://businessfinancemag.com Analytics – Equip the Man, Not Man the Equipment http://businessfinancemag.com/blog/analytics-equip-man-not-man-equipment <div class="node-body blog-body">Analysts often presume that the users of the findings and results from their analytics-based studies will immediately understand and appreciate their impressive work. They may be wrong. The analysis may be too complex or is not answering the question the user is seeking. How can analysts focus more on people than the technology they have mastered?</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-equip-man-not-man-equipment" target="_blank">read more</a></p> http://businessfinancemag.com/blog/analytics-equip-man-not-man-equipment#comments analytics business analytics Business Performance Management corporate performance management enterprise performance management Strategy Management Sat, 18 May 2013 19:09:00 +0000 13221 at http://businessfinancemag.com Stupid Executives Should Be Fired! http://businessfinancemag.com/blog/stupid-executives-should-be-fired <div class="node-body blog-body">April 1, 2013 A potential risk is lurking for opportunistic organizations losing sales. That is, there is a danger for companies that are making stupid decisions, especially by their executives. For example, executives who are reluctant to layoff ...</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/stupid-executives-should-be-fired" target="_blank">read more</a></p> http://businessfinancemag.com/blog/stupid-executives-should-be-fired#comments 99999: Untagged Strategy Management Mon, 01 Apr 2013 14:39:58 +0000 9408 at http://businessfinancemag.com Exceptional EPM/CPM Systems are an Exception http://businessfinancemag.com/blog/exceptional-epmcpm-systems-are-exception <div class="node-body blog-body">Many organizations overrate the quality of their enterprise and corporate performance management (EPM/CPM) methods and supporting software systems as well as exaggerate how comprehensive and integrated they are. For example, when you ask executives how ...</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/exceptional-epmcpm-systems-are-exception" target="_blank">read more</a></p> http://businessfinancemag.com/blog/exceptional-epmcpm-systems-are-exception#comments 99999: Untagged Strategy Management Sun, 24 Mar 2013 19:09:16 +0000 9095 at http://businessfinancemag.com The US Government’s Sequester – Anything versus Everything http://businessfinancemag.com/blog/us-government-s-sequester-anything-versus-everything <div class="node-body blog-body">I tend to be an apolitical person. I try to be internally apolitical within organizations I am employed by as well as related to government politics. But now I have a dilemma. It is not with an employer. At the age of 64 I recently “semi-retired” from ...</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/us-government-s-sequester-anything-versus-everything" target="_blank">read more</a></p> http://businessfinancemag.com/blog/us-government-s-sequester-anything-versus-everything#comments 99999: Untagged Strategy Management Tue, 05 Mar 2013 22:10:47 +0000 8895 at http://businessfinancemag.com