Download or read book Subsidiary Controlling with Strategically Aligned Performance Measurement Systems written by Dennis Schlegel and published by BoD – Books on Demand. This book was released on 2011 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the growing importance and complexity of company groups and a proceeding decentralisation, subsidiary controlling is becoming more and more important. Performance measurement systems are a key instrument of subsidiary controlling. The correct use of performance measures combined with the right incentives can help reduce information asymmetry between the corporate centre and subsidiaries and at the same time ensure an orientation toward corporate objectives on all levels. In this book, the concept of performance measurement systems in the context of subsidiary controlling is explained. One focus is the thorough discussion of financial performance measures and their use in subsidiary controlling. Particularities in subsidiary controlling are for instance the determination of divisional cost-of-capital for value-based management and the aggregation of measures to the corporate level. The second focus is the design of performance measurement systems depending on certain characteristics of the company and its environment. It is emphasised that there is not one right way of designing controlling systems. Instead, they have to be aligned to certain situational variables such as strategy, organisational structure or environmental uncertainty. For example, managers of business units that pursue differentiation strategies should be evaluated by more non-financial performance measures than managers of business units with a low-cost strategy. The book can be used as guidance for practitioners concerned with the design of performance measurement systems - for example corporate controllers, management consultants or investment managers in holding companies. It also provides a starting point for academics that intend to conduct further research on related topics.
Download or read book Cost of Capital in Managerial Finance written by Dennis Schlegel and published by Springer. This book was released on 2015-02-24 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.
Download or read book Innovative Management Perspectives on Confronting Contemporary Challenges written by Evangelos Tsoukatos and published by Cambridge Scholars Publishing. This book was released on 2015-10-05 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the prolonged financial meltdown and the resulting clash of socio-economic interests, both between nations and within societies, unforeseen challenges have to be met by contemporary managers. The current organizational, financial, political and social situation calls for innovative, out-of-the-box solutions, while also presenting a unique "opportunity" for management scholars, practitioners and policy makers to work out and bring forward creative and imaginative, as well as realistic, responses to problems. Appealing to scholars, students, researchers and practitioners, and covering a wide spectrum of organizational types and institutions, this book provides scientific evidence, direction and insight on issues associated with confronting challenges related to the contemporary socio-economic scenario. In this respect, the presents conceptual and empirical research, putting forward a wide range of paradigms and ideas transcending conventional theory, on finding innovative solutions to contemporary business and managerial challenges. It brings forward contemporary theoretical underpinning across an array of sectors and organizational structures, while also presenting their practical implementations -- Book jacket.
Download or read book Performance Measurement and Control Systems for Implementing Strategy Text and Cases Pearson New International Edition PDF eBook written by Robert Simons and published by Pearson Higher Ed. This book was released on 2013-08-27 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: For undergraduate Management Control Systems courses and other MBA Management Accounting and Control electives. This book represents an innovative approach to management control systems, based on the latest research and practice. Using a carefully integrated structure, it shows how today's managers use both financial and non-financial controls to drive strategies of profitable growth in rapidly changing markets. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.
Download or read book Synergy in Mergers Acquisitions written by Stefan Karenfort and published by BoD – Books on Demand. This book was released on 2011 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of synergy, which is often illustrated as the "2+2=5-effect", is a dominant motive as well as a key success factor for Mergers & Acquisitions (M&A). Inadequate expectations with respect to the synergistic potential can however easily result in an overrated acquisition price. If the planned synergies later fail to materialize, it will be increasingly hard for the acquiring firm to achieve positive value gains for its shareholders. It is therefore vital to obtain a comprehensive understanding of the synergistic potential of a planned M&A project. This issue was addressed with a doctoral thesis investigating the underlying drivers of synergy realization, in particular the concept of business relatedness which describes the similarity of firm attributes, such as product-market presence, resource configuration and supply channel types. Using a quantitative hypothesis-testing survey design, more than 300 M&A consultants worldwide have been invited to evaluate past M&A transactions with respect to their synergistic effects. In contrast to earlier studies, the relatedness of the merging firms is established as a multi-dimensional concept considering various attributes of business relatedness simultaneously. The degree of relatedness is measured using managerial perceptions which is a comparatively new measurement approach transferred from diversification research to the field of M&A. The individual dimensions of relatedness show a different effectiveness concerning synergy realization providing further support to recent contributions which advocate a multi-dimensional conceptualization of business relatedness. The study identifies dimensions of business relatedness and their underlying drivers which are particularly relevant to predictions concerning the synergistic potential. The research project thus makes a valuable contribution to clarify the impact of relatedness on M&A performance and provides important implications for practitioners regarding the eval
Download or read book Control in an Age of Empowerment written by Robert Simons and published by Harvard Business Review Press. This book was released on 2008-10-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Control in an Age of Empowerment, Robert Simons explains how to give employees the freedom to innovate while protecting your firm from loose cannons. Using powerful examples, Simons shows how to apply four powerful management "levers" to balance autonomy with control: Traditional diagnostic control systems, Belief systems, Boundary systems, and Interactive control systems. Used in concert, these four levers give you the control you need--without sacrificing the creative thinking your company can't do without. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Download or read book Foreign Direct Investment Ownership Advantages Firm Specific Factors Survival And Performance written by Mehdi Rasouli Ghahroudi and published by World Scientific. This book was released on 2018-08-31 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the book is to extend and develop the literature on foreign direct investment (FDI) and multinational corporation (MNCs) subsidiaries. There are several reasons for studying foreign investment and ownership. First, firms need to identify which host country industry factors are important in choosing among the various type of equity ownership (e.g. international joint ventures or wholly-owned subsidiary). Second, international diversification through foreign market entry can provide growth and profitability at rates unavailable in home markets. A third reason this warrants some attention is that type of ownership can affect attempts to counter international competition by engaging foreign rivals on their home turf. Fourth, firms have the option of choosing the appropriate equity ownership for international markets based on balancing their resources, capabilities, and international experience with their desire for ownership and control. This book extends the literature in FDI by providing empirical support for several theories and previously defined and/or tested constructs. For example, the parent and subsidiary's factors measured in this study suggest the importance of internalization and ownership advantages of Dunning's eclectic theory.
Download or read book Strategic Management written by Upendra Kachru and published by Excel Books India. This book was released on 2009 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in a lucid way, this book traverses the entire panorama of strategic management.
Download or read book Performance Evaluation of Foreign Subsidiaries written by Katharina Kretschmer and published by Springer Science & Business Media. This book was released on 2011-01-19 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Katharina Kretschmer contributes to the role typology research stream in international business. The book is highly relevant for management practice. Deep insights into the implications of subsidiary roles are displayed, and it is shown that role-specific subsidiary management is possible if not necessary. In the future, MNC managers could benefit even more when, instead of treating all their subsidiaries alike, approaching them differently – especially when evaluating their performance.
Download or read book Performance Measurement and Control Systems for Implementing Strategy written by Robert Simons and published by Pearson College Division. This book was released on 2000 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides and integrated, action-oriented roadmap to all the control system tools and techniques that are needed to manage a business effectively. New accounting techniques including profit wheel analysis, and Strategic profitability analysis. Provides the most comprehensive presentation of the Balances scorecard approach by one of its originators. A carefully integrated structure. For managers and MBAs who are interested in learning more about Management Control Systems.
Download or read book The Routledge Companion to Performance Management and Control written by Elaine Harris and published by Routledge. This book was released on 2017-08-15 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance management is key to the ongoing success of any organisation, allowing it to meet its strategic objectives by designing and implementing management control systems. This book goes beyond the usual discussion of performance management in accounting and finance, to consider strategic management, human behaviour and performance management in different countries and contexts. With a global mix of world-renowned researchers, this book systematically covers the what, the who, the where and the why of performance management and control (PMC) systems. A comprehensive, state-of-the-art collection edited by a leading expert in the field, this book is a vital resource for all scholars, students and researchers with an interest in business, management and accounting.
Download or read book Strategy and Strategists written by James Cunningham and published by Oxford University Press, USA. This book was released on 2012-03-29 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Importantly, this stimulating text:
Download or read book Performance Measurement and Control Systems for Implementing Strategy Text and Cases written by Robert Simons and published by . This book was released on 2013-07-26 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: For undergraduate Management Control Systems courses and other MBA Management Accounting and Control electives. This book represents an innovative new approach to management control systems, based on the latest research and practice. Using a carefully integrated structure, it shows how today's managers use both financial and non-financial controls to drive strategies of profitable growth in rapidly changing markets.
Download or read book Accounting and Financial Management written by Peter Harris and published by Routledge. This book was released on 2012-05-31 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry. The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental. Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others: * Performance management in the international hospitality industry * Benchmarking: measuring financial success * The profit planning framework * Making room rate pricing decisions * Hotel asset management UK and US perspectives * Lowering risk to enhance hospitality firm value Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.
Download or read book Integrated Performance Management written by Kurt Verweire and published by SAGE. This book was released on 2004-12-23 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Linking various disciplines and management functions, Integrated Performance Management provides the reader with a concrete framework to manage organizations successfully. The authors do not isolate a single strategy to manage performance. Instead, the book focuses on a range of strategies providing the reader with an introduction to each one. The concepts under analysis were developed through intense dialogue with business managers. While maintaining academic rigour, Integrated Performance Management presents ideas that students will find relevant outside of the classroom. Postgraduate and MBA students in a range of areas including strategy, accounting, finance, operations management, marketing, leadership and human resource management will find this book useful.
Download or read book Information Systems Management Organization and Control written by Daniela Baglieri and published by Springer. This book was released on 2014-07-15 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the diversity of topics, views and perspectives focused on the relationship between information systems, organizations and managerial control. It brings together theories and practices by a diverse group of scholars working in different disciplines: organization, management, accounting, information systems development, human-computer interaction. The volume is divided into three sections, each one focusing on a specific theme: organizational change, innovation and information and communication technologies; organizational control, accounting and information systems; information, knowledge and project management practices. The book is based on a selection of the best research papers - original double blind peer reviewed contributions of the annual conference of the Italian chapter of AIS, held in Milan, Italy in December 2013.
Download or read book The Routledge Companion to Cost Management written by Falconer Mitchell and published by Routledge. This book was released on 2013-08-22 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, cost management has been an area of dynamic change and development. This is evident in the extensive inventory of new, high-profile techniques that have emerged. With cost management now firmly established as a distinct sub-discipline within management accounting, The Routledge Companion to Cost Management is a timely reference volume covering both practical developments and research in this area. Topics covered include: Cost control issues Cost analysis and decision making Cost management systems Environmental cost management With chapters from an international team of contributors, this prestigious companion will prove an indispensible addition to any library with aspirations of keeping up-to-date with the world of accounting.
