INNOVATIVE MANAGEMENT ACCOUNTING | Accra Metropolitan University

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INNOVATIVE MANAGEMENT ACCOUNTING

Maria Barbera Jane Baxter William Birkett - Personal Name;

Organisations are devices for creating value through the effective use of resources. While they need to create value for all contributors of resources, a premium is placed on value creation for customers and shareholders. After all, an organisation is unlikely to be able to offer inducements to other resource contributors if it does not provide value to its customers. Also, shareholders are aware that failure in value creation for customers will be reflected in the value that they can receive. Value creation for customers and shareholders, then, is broadly regarded as the litmus test for judging organisational effectiveness.
Value creation by organisations takes place against a backdrop of fast moving competition in resource and service markets, and increasingly rapid shifts in the value expectations of customers. Under these conditions it is insufficient to meet or beat the competition with present service offerings; new service offerings have to be invented and made competitive, as previous offerings cease to be serviceable and are thus devalued.

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Series Title: INNOVATIVE MANAGEMENT ACCOUNTING
Call Number: -
Publisher: : ., 2000
Collation: -
Language: English
ISBN/ISSN: 0 86840 705 4
Classification: NONE
Content Type: -
Media Type: -
Carrier Type: -
Edition: First Edition
Subject(s): Accounting
Specific Detail Info: -
Statement of Responsibility: -

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