FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W68066125> ?p ?o ?g. }

• W68066125 startingPage "1" @default.
• W68066125 abstract "WHEN A START-UP COMPANY ENTERED AN ENTREPRENEURIAL CRISIS, IT TURNED TO FORWARD-LOOKING MANAGEMENT ACCOUNTING TOOLS TO MEET THE CHALLENGES OF ITS CHANGING MARKETPLACE STRATEGY AND INCREASINGLY DEPARTMENTALIZED ORGANIZATIONAL STRUCTURE. THESE STRATEGIC TOOLS--VARIANCE ANALYSIS, PROFIT PLANNING, AND A PERFORMANCE MEASUREMENT SYSTEM--ALLOWED THE COMPANY TO SUSTAIN ITS ENTREPRENEURIAL SPIRIT AND GROWTH. HERE IS THE STORY OF HOW IT ALL CAME TOGETHER. Entrepreneurial businesses emerge from the execution of unique and commercially viable ideas, but the success rate of these businesses is relatively low, according to recent research done by the University of Tennessee. A quarter of such businesses fail in the first year, while more than half cease to exist after five years. (1) The main reasons for the failures include a lack of planning, no knowledge of financing, no experience with record keeping, and a lack of managerial experience. Recent research in management accounting, however, offers good news and shows that formally adopting management control systems provides businesses with greater success at surviving and transitioning into larger, more influential companies. (2) Management control systems, which comprise a broad set of organizational controls, include management accounting systems. (3) The research literature defines a management control system as the formal, information-based routines and procedures managers use to maintain or alter patterns in organizational activities. (4) Elements of the control system include: * Strategic plans, operating budgets, statistical reports, performance appraisals, and policies and procedures; (5) * Personnel controls that select and recruit employees with similar objectives to those of the organization; * Action or behavioral controls that influence employees by prescribing actions to be taken; and * Results or outcome controls that influence employees by measuring the results of their actions. (6) Other views of management control address informal control processes such as belief systems, group norms, socialization, and culture. (7) As a subset of management control systems, management accounting systems specifically include a package of cultural controls, planning systems, cybernetic controls, administrative controls, and rewards and compensation. (8) Such a system should incorporate vision and mission; key success factors; strategy and plans; organizational structure; key performance measures; performance targets; performance evaluation at individual, group, and organizational levels; financial and nonfinancial rewards; and penalties for missed performance targets. (9) Empirical evidence supports the association between sustainable growth in businesses and the presence of management control systems. (10) The evidence shows that these businesses become gradually more complicated in structure and sophisticated in decision making, reaching a situation known as an entrepreneurial In order to continue his or her company's growth, the entrepreneur must transition into becoming a manager who can display company stewardship to both investors and employees. (11) The manager has little choice but to collect more data and pay increasing attention to selecting and presenting information in order to make control and operational decisions for the organization. (12) Strategically focused management accounting tools can use this information to evaluate business performance, determine profit plans, and measure performance. (13) Because most businesses are not likely to have such strategic tools, adding these tools will sustain the spirit and growth. Our case study describes an business, Globe, from the starting phase to its current crisis. Up until this point, the business had developed an informal management control system that featured elements of strategy and structure that would support the needs of a small business. …" @default.
• W68066125 created "2016-06-24" @default.
• W68066125 creator A5069667659 @default.
• W68066125 creator A5091603826 @default.
• W68066125 date "2013-03-22" @default.
• W68066125 modified "2023-09-23" @default.
• W68066125 title "Management Accounting Systems Support Start-Up Business Growth" @default.
• W68066125 cites W1537984582 @default.
• W68066125 cites W1558046248 @default.
• W68066125 cites W2004776836 @default.
• W68066125 cites W2017682659 @default.
• W68066125 cites W2102760360 @default.
• W68066125 cites W2120314896 @default.
• W68066125 cites W3122339307 @default.
• W68066125 hasPublicationYear "2013" @default.
• W68066125 type Work @default.
• W68066125 sameAs 68066125 @default.
• W68066125 citedByCount "3" @default.
• W68066125 countsByYear W680661252016 @default.
• W68066125 countsByYear W680661252017 @default.
• W68066125 crossrefType "journal-article" @default.
• W68066125 hasAuthorship W68066125A5069667659 @default.
• W68066125 hasAuthorship W68066125A5091603826 @default.
• W68066125 hasConcept C121955636 @default.
• W68066125 hasConcept C144133560 @default.
• W68066125 hasConcept C162324750 @default.
• W68066125 hasConcept C162853370 @default.
• W68066125 hasConcept C163867264 @default.
• W68066125 hasConcept C175444787 @default.
• W68066125 hasConcept C181622380 @default.
• W68066125 hasConcept C187736073 @default.
• W68066125 hasConcept C2775924081 @default.
• W68066125 hasConcept C31845852 @default.
• W68066125 hasConcept C48243021 @default.
• W68066125 hasConcept C74275925 @default.
• W68066125 hasConceptScore W68066125C121955636 @default.
• W68066125 hasConceptScore W68066125C144133560 @default.
• W68066125 hasConceptScore W68066125C162324750 @default.
• W68066125 hasConceptScore W68066125C162853370 @default.
• W68066125 hasConceptScore W68066125C163867264 @default.
• W68066125 hasConceptScore W68066125C175444787 @default.
• W68066125 hasConceptScore W68066125C181622380 @default.
• W68066125 hasConceptScore W68066125C187736073 @default.
• W68066125 hasConceptScore W68066125C2775924081 @default.
• W68066125 hasConceptScore W68066125C31845852 @default.
• W68066125 hasConceptScore W68066125C48243021 @default.
• W68066125 hasConceptScore W68066125C74275925 @default.
• W68066125 hasIssue "3" @default.
• W68066125 hasLocation W680661251 @default.
• W68066125 hasOpenAccess W68066125 @default.
• W68066125 hasPrimaryLocation W680661251 @default.
• W68066125 hasRelatedWork W106037690 @default.
• W68066125 hasRelatedWork W1508049477 @default.
• W68066125 hasRelatedWork W1554526178 @default.
• W68066125 hasRelatedWork W185968394 @default.
• W68066125 hasRelatedWork W2090834598 @default.
• W68066125 hasRelatedWork W2094630717 @default.
• W68066125 hasRelatedWork W2199514290 @default.
• W68066125 hasRelatedWork W2255781916 @default.
• W68066125 hasRelatedWork W2304863943 @default.
• W68066125 hasRelatedWork W2319309707 @default.
• W68066125 hasRelatedWork W2592909723 @default.
• W68066125 hasRelatedWork W2969450005 @default.
• W68066125 hasRelatedWork W3127833398 @default.
• W68066125 hasRelatedWork W3198175925 @default.
• W68066125 hasRelatedWork W43557161 @default.
• W68066125 hasRelatedWork W624530267 @default.
• W68066125 hasRelatedWork W2105571069 @default.
• W68066125 hasRelatedWork W2353899539 @default.
• W68066125 hasRelatedWork W2422896392 @default.
• W68066125 hasRelatedWork W656021907 @default.
• W68066125 hasVolume "14" @default.
• W68066125 isParatext "false" @default.
• W68066125 isRetracted "false" @default.
• W68066125 magId "68066125" @default.
• W68066125 workType "article" @default.