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Resource Consumption Accounting
Resource Consumption Accounting (RCA) is a management theory describing a dynamic, integrated, and comprehensive management accounting approach that provides managers with decision support information for enterprise optimization. RCA is a relatively new management accounting approach based largely on the German management accounting approach Grenzplankostenrechnung (GPK) and also allows for the use of activity-based drivers. Background RCA emerged as a management accounting approach beginning around 2000, and was subsequently developed aCAM-I (The Consortium of Advanced Management, International)in a Cost Management Section RCA interest group commencing in December 2001. Over the next seven years RCA was refined and validated through practical case studies, industry journal publications, and other research papers. In 2008, a group of interested academics and practitioners established the RCA Institute to introduce Resource Consumption Accounting to the marketplace and raise the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Fad
Management fad is a term used to characterize a change in philosophy or operations implemented by a business or institution. The term is subjective and tends to be used in a pejorative sense, as it implies that such a change is being implemented (often by management on its employees, with little or no input from them) solely because it is (at the time) "popular" within managerial circles, and not necessarily due to any real need for organizational change. The term further implies that once the underlying philosophy is no longer "popular", it will be replaced by the newest "popular" idea, in the same manner and for the same reason as the previous idea. Several authors have argued that new management ideas should be subject to greater critical analysis, and for the need for greater conceptual awareness of new ideas by managers. Authors Leonard J. Ponzi and Michael Koenig believe that a key determinant of whether any management idea is a "management fad" is the number and timing of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |