MGMT+30B+13E+chap001

MGMT 30B 13E chap001 - Managerial Accounting and the Business Environment Chapter 1 McGrawHill/Irwin Slide1 Chapter 1 divided into nine

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McGraw-Hill/Irwin Slide 1 Managerial Accounting and the Business Environment Chapter 1
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McGraw-Hill/Irwin Slide 2 Chapter 1 divided into nine sections: (1)globalization, (2) strategy, (3) organizational structure, (4) process management, (5) the importance of ethics in business, (6) corporate governance, (7) enterprise risk management, (8) corporate social responsibility, and (9) the Certified Mgmt Accountant.
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McGraw-Hill/Irwin Slide 3
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McGraw-Hill/Irwin Slide 4
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McGraw-Hill/Irwin Slide 5 Internet Usage The Internet fuels globalization by providing companies with greater access to geographically dispersed customers, employees, and suppliers. As of 2008, more than 78% of the world's population was still not connected to the Internet.
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McGraw-Hill/Irwin Slide 6 Strategy A strategy is a “game plan” that enables a company to attract customers by distinguishing itself from competitors. The focal point of a company’s strategy should be its target customers.
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McGraw-Hill/Irwin Slide 7 Customer Value Propositions Understand and respond to individual customer needs . Customer Intimacy Strategy Operational Excellence Strategy Deliver products and services faster, more conveniently, and at lower prices. Product Leadership Strategy Offer higher quality products.
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McGraw-Hill/Irwin Slide 8 Learning Objective 1 Understand the role of  Understand the role of  management accountants  management accountants  in an organization. in an organization.
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McGraw-Hill/Irwin Slide 9 C o r p o r a t e O r g a n i z a t i o n C h a r t P u r c h a s i n g P e r s o n n e l V i c e P r e s i d e n t O p e r a t i o n s T r e a s u r e r C o n t r o l l e r C h i e f F i n a n c i a l O f f i c e r P r e s i d e n t B o a r d o f D i r e c t o r s Organizational Structure Decentralization is the delegation of decision- Decentralization is the delegation of decision- making authority throughout an organization. making authority throughout an organization.
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McGraw-Hill/Irwin Slide 10 Line and Staff Relationships Line positions are directly related to achievement of the basic objectives of an organization. Example: Production supervisors in a manufacturing plant. Staff positions support and assist line positions. Example: Cost accountants in the manufacturing plant.
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McGraw-Hill/Irwin Slide 11 The Chief Financial Officer (CFO) A member of the top management team responsible for: Providing timely and relevant data to support planning and control activities. Preparing financial statements for external users.
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Slide 12 Learning Objective 2 Understand the basic  Understand the basic  concepts underlying Lean  concepts underlying Lean  Production, the Theory of  Production, the Theory of  Constraints, and Six  Constraints, and Six  Sigma. Sigma.
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This note was uploaded on 01/17/2011 for the course MGMT 38040 taught by Professor Minot during the Winter '10 term at UC Irvine.

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MGMT 30B 13E chap001 - Managerial Accounting and the Business Environment Chapter 1 McGrawHill/Irwin Slide1 Chapter 1 divided into nine

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