Anne Hathawayy is a data analyst at a marketing company who is responsible for providing support to the reporting functions of an internal management support system. Which of the following is not true regarding designing a management support system? -Do not be consistent with reports and visualizations -Clearly define objectives -Make it fast -Identify what upper management needs
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Anne Hathawayy is a data analyst at a marketing company who is responsible for providing support to the reporting functions of an internal management support system. Which of the following is not true regarding designing a management support system?
-Do not be consistent with reports and visualizations
-Clearly define objectives
-Make it fast
-Identify what upper management needs
Step by step
Solved in 2 steps
- Create a Group Control System Step 1. From into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or part. Step 2. Your assignment is develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential to govern member behavior and consequences for breaking those rules. Step 3. First, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover; arriving late for a meeting: missing a meeting: failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation , such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group a cover. Step 4. Now consider what statistics could be developed to measure the behavior and outcome of the group pertaining to those five rules. What kinds of things could be counted to understand how group is performing and whether members are the following rules? Step 5. Discuss the following questions. Why are rules important as a means of control? What are the advantages and disadvantages of having many rules (hierarchical control) versus few rules (decentralized control) for a student group? How can statistics help a group ensure? appropriate behavior and a high-quality product? Step 6. Be prepared to present your conclusions to the Class.Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.The weekly meetings of Lyle's staff have had little attendance, and those who attend usually do multitasks instead of paying attention. Using the research cycle, Lyle discovered that the problem is that the time of the staff meeting coincides with the delivery date of the weekly financial reports. Read the following possible courses of action and decide what is the BEST way for Lyle to handle the situation and what is the WORST way for him to handle the situation? 1. Inform staff that your meeting has more priority than the reports of the finance department. 2. Change the meeting time of the staff until after they submit the weekly reports and see if improves assistance and focus. 3. Cancel staff meetings so that the team can concentrate on completing their financial reports. 4. Allow staff to continue performing multiple tasks so that they can attend their meeting and do the financial reports.
- Discuss the follow features of producing evaluation reports: a. Greater transparency and accountability b. Improved project performance c. Effective resource allocation d. Promotes learning & data-driven decision making e. Systematic management of organisationA management consultant is evaluating the effectiveness of the control systems at AAA Corporation. Which of the following are the characteristics that will be used by the consultant? A) Forward, Concurrent, and Feedback.B) Flexible, Accurate, and Timely Information.(c) Fast, Accurate, and Target-oriented.D) Forward, Advanced and Timely.Which of the following is a threat according to SWOT analysis? a. Low-quality output b. Recession c. Lack of a strategic plan d. Poor management practices e. Insufficient resources
- Explain in your own words the advantages of “Balanced scorecard” as a strategy performance management tool or a structured report that can be used by managers to keep track of the execution of strategies.The production department discusses the sales plan with the marketing department head and take their sales plans for the next one year. Based on this the production department planned the production of goods into a weekly basis so that the department can buy materials for a week and achieve weekly objectives of production. This way they planned for a year. Identify the most suitable option for the type of plan. O a. Contingency plan O b. Single use plan O c. Operational plan d. Strategic planAs a communication tool, these can be used in the management control process. Which is the correct sequence? Select the correct response Approval of plans, feedforward, corrective action, feedback feedforward, Approval of plans, corrective action, feedback feedforward, Approval of plans, feedback, corrective action Approval of plans, feedforward, feedback, corrective action
- Assessing the Use and Role of Nonfinancial Performance Indicators This question pertains to the use of nonfinancial performance indicators as part of a comprehensive managementaccounting and control system. You are asked to think critically about the value and challenges ofusing such data for performance-evaluation purposes. The following source should be accessed andread prior to answering the questions that appear below: Christopher D. Ittner and David F. Larker,“Coming Up Short on Non-financial Performance Measurement,” Harvard Business Review,November 2003, pp. 88–95.Required1. What are the primary benefits of incorporating nonfinancial performance indicators as part of a comprehensive management accounting and control system?2. Why do Ittner and Larker believe that many companies fail to realize the kinds of benefits listed inrequirement 1?3. In 2008, the Institute of Management Accountants (IMA) revised its definition of managementaccounting (see…Which of the following is not a element of a VRIO analysis? (Used to identify strategic strengths in a SWOT analysis) 1.They are Valued by the customer 2.The company is Organized to exploit the resourses (strengths) 3.They are Rare in the Industry Inexpensive to imitateimitate 4.They are not Inimitable1. Roger is telling Mary the first three steps in planning an organization. In the correct order, they are ____. Writing a mission statement, creating a vision statement, and strategic planning Strategic planning, creating a mission statement, and creating a vision statement Strategic planning, operational planning, and preparing a vision statement Tactical planning, operational planning, and writing a mission statement Operational planning, creating a mission statement, and developing a hiring plan.