...MehrAlborz University, Tehran, Iran E-mail: vmirhosseini@gmail.com Abstract In today’s challenging business environment, it is a vital for organization to access useful information and knowledge. Business Intelligence (BI) is an umbrella concept for tools, techniques and solutions that helps managers to understand business situation. And BI tools can support informational knowledge needs of organizations. With respect to increasing trend of BI researches in BI concepts and applications, in this paper, recent researches and papers of academic journals in this field is systematically review to classify and prioritize the concepts and approaches of business intelligence. Consequently researches was classified in three, managerial, technical and system enables approaches to BI, and specification of each approach and future research quid was described. Keywords: Business Intelligence; Enterprise Intelligence Approaches Systems; Review Study; Business 1. Introduction Today, in the rapidly changing environment, need to correct and just-in-time information is not only necessary for success but also is required for remaining in competition. Business intelligence (BI) refers to a managerial philosophy and a tool used to help organizations manage and refine business information with the objective of making more effective business decisions (Ghoshal & Kim, 1986; Gilad & Gilad, 1986)....
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...areas of business Introduction “When a business has implemented a successful planning process, every employee can see a clear link between the overarching company direction and the work they perform.” (Capezio, P. J.) According to Robbins and Coulter study (2012), the management concept can be defined as an individual who coordinates and oversees the work of other people so that organizational goals can be accomplished in an efficiently and effectively manner. This efficient and effective aspect of the managerial process requires that managers are doing the right thing in the right way (Robbins and Coulter, 2012). So the role of manger is to help others doing their work. However, the managerial part of the management process is addressing Mintzberg’s theory, which explains what managers do at work through specific actions. A manger should be capable of performing all facets of the managerial functions of planning, organizing, leading and controlling in any organization (Robbins and Coulter, 2012). A Functional Manager is in charge of a specific business unit. direct, technical supervisor Here are some examples of Functional Managers: * Development Team Manager * Sales Manager * Marketing Manager * Accounts Receivable Manager * Contact Center Manager * Customer Service Manager The functional planning process occurs on a yearly basis. In order for management to have visibility into real-time performance, a monthly report of progress against plans...
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...the well-known financial accounting is managerial accounting. In the following paper I will discuss what managerial accounting is and how it’s used, the difference between managerial and financial accounting, the users of this accounting, ethics in accounting, and careers in managerial accounting. Managerial accounting is “the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals” (Managerial Accounting Definition, 2003). Managerial accounting is also known as cost accounting (2003). Managerial accounting provides an organization with the financial data to perform descriptive analytics. The numbers don’t tell anything about the future, but they can be used to make decisions about the future. Without the numbers that managerial accounting provides no appropriate and good decision making would be being made. Managerial accounting is not like other accounting and major differences exist between managerial accounting and financial accounting. Although they work side by side, managerial accounting concentrates on helping people inside the organization, such as managers, make decisions while financial accounting focuses on providing information to people outside the organization. Since managerial and financial accounting differs, so do the users. The users in managerial accounting are those inside the organization such as managers and other staff that makes decision. The users of financial accounting are...
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...care managers must be able to carry out the managerial functions of organizing, planning, controlling, and leading. As a healthcare manager it is imperative to understand the importance of the managerial role. This essay will include the most important role or function for a health care manager, and what is considered by the author as the most significant aspect related to health care management. Definition of the role and application A health care manager has many roles. All roles in management require certain skills. Skills required to be a high-functioning manager include technical skills, human skills, and conceptual skills. Technical skills are the ability to perform required tasks, human skills are the ability to work with others, and conceptual skills are the analytical thinking and problem solving techniques. These skills are a part of a manager’s role as head of a department or organization. According to Lombardi, “The roles managers must be prepared to perform fall into three categories informational, interpersonal, and decisional roles” (Lombardi, 2007, p.43). Applying these three roles to every day managerial duties is done by implementing each role. As a healthcare manager it is important to build internal and external relationships that could benefit the organization. A manger’s interpersonal roles involve interactions with people inside and outside the department or organization. The informational roles involve analyzing of information. The decisional roles involve...
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...92 INTRODUCTION CONCEPT: IN OUR DAILY LIVES WE ALL HAVE DEALINGS WITH DIFFERENT TYPES OF ORGANIZATIONS SUCH AS MANUFACTURERS, RETAILERS, SERVICE FIRMS, NON PROFIT ORGANIZATIONS AND GOVERNMENT ENTERPRISES PROVIDING US WITH A VAST ARRAY OF GOOD AND SERVICES. ALL THESE HAVE ORGANIZATIONS HAVE TWO THINGS IN COMMON, FIRST EVERY ORGANIZATION HAS A SET OF GOALS OR OBJECTIVES FOR EXAMPLE AIRLINE HAS OBJECTIVE THAT INCLUDES PROFITABILITY AND CUSTOMER SERVICE , A POLICE DEPARTMENT GOAL MAY INCLUDE INCLUDING PUBLIC SAFETY WITH COST EFFECTIVENESS, SECOND IN PURSUING AN ORGANIZATION GOALS MANAGERS MAY MAKE MANY DECISIONS AND FOR THAT THEY NEED INFORMATION. THE INFORMATION NEEDS OF MANAGEMENT EXTEND ACROSS FINANCIAL, PRODUCTION, MARKETING LEGAL AND ENVIRONMENTAL ISSUES. DEFINITION: “MANAGEMENT ACCOUNTING IS THE PROCESS OF PRODUCING FINANCIAL AND NON FINANCIAL INFORMATION TO ASSIST MANAGERS AT ALL LEVELS OF AN ORGANIZATION. MANAGEMENT ACCOUNTING INFORMATION SHOULD BE DESIGNED TO MEET MANAGER’S SPECIFIC NEEDS AS THEY CARRY OUT THEIR PLANNING AND CONTROL FUNCTIONS AND MAKE SHORT AND LONG TERM DECISIONS.” OR “THE PRIMARY GOAL OF MANAGERIAL ACCOUNTING IS TO PROVIDE INFORMATION THAT HELPS MANGERS PLAN AND EVALUATE COMPANY ACTIVITIES AND MAKE BUSINESS DECISION. PROVIDING INFORMATION FOR PLANNING, EVALUATION AND DECISION MAKING IS THE PRIMARY OBJECTIVE OF MANAGERIAL ACCOUNTING. MANAGEMENT ACCOUNTING vs. FINANCIAL ACCOUNTING USERS OF INFORMATION ...
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...Analyzing Managerial Decisions: Bagby Copy Company by HCM-540, MBOL5, Health Care Organization Instructor: Saint Leo University Distance Learning December 1, 2013 Analyzing Managerial Decisions: Bagby Copy Company Ronald J. Sanders Saint Leo University MBA540 Analyzing Managerial Decisions: Bagby Copy Company 1. The subject, Bagby Company, has a dilemma between a specialized task assignment or broad task assignment. A specialized task entails designating an employee to a specific group of tasks that has a concentration in one functional capacity. In regards to broad task assignment, the worker is given a broader set of task that has variety. Depending upon which set of tasks is chosen, Bagby would have to understand what the tradeoffs are in making a decision. The benefits of specialized task assignment are: a) Exploiting Comparative advantage permits Bagby to pair their employee’s with jobs based on their particular skill set and training so they will be able to focus on individual specialties. b) Lower Cross Training Expenses: In regards to specialized task assignment, every employee is instructed to master a single basic function. Bagby can hire one person with a specialized degree and one without a degree. Cost of Specialized Task Assignment: a) Forgone Complementarities across Tasks: Often, accomplishing a single task may reduce the expense of tasking the same person to complete another task. b) Coordination Costs: The tasks of specialized...
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...writing about the qualities of managers and leaders and whether the two differ, but little has been said about what happens in the thousands of daily interactions and decisions that allows managers to get the best out of their people and win their devotion. What is it like to be a manager and what do great managers actually like to do? There is such a term or a phrase great boss and average boss after an employee describe his/her boss that way. It’s like TELL ME WHO’S YOUR BOSS AND I WILL TELL YOU WHO YOU ARE. A manager is the reflection of what he does. A boss or a manager does the job at his/her best and he knows if that is the best. If he’s happy doing the job, the employees could feel it and they might say “We have a happy boss.” The short scripted picture below could also explain. Everyday is learning. I believe a manager today could be a different manager tomorrow. Whatever affects your ability as a manager, people around you still say something about you. And in fact, people talk and will not forget your single failure but most of them forgot to appreciate your thousand great jobs. So, being a manager is to love your self, attend parties with friends, go on to nature adventures, attend family gatherings and recreations, exercise and play sports. The whole you will show how healthy you can manage an organization. “Management is a skill that can be learned.” said F. John Reh. You can improve as a manager by working every day to get better. Work on selecting the best people...
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...MANAGERIAL ACCOUNTING Based on Management Accounting by Robert N. Anthony Nearly every business enterprise has an accounting system, that is, a means of collecting, summarizing, analyzing, and reporting, in monetary terms, information about the business. In studying these systems, it is useful to consider them as consisting of two parts that are labeled financial accounting and managerial accounting, although in practice the two are not neatly separated. Financial accounting has the primary objective of providing financial information to parties outside the business — stockholders, bankers, other creditors, and government agencies. The techniques, rules, and conventions according to which financial accounting figures are collected and reported reflect, to a considerable extent, the requirements of these outside parties. Managerial accounting is concerned with accounting information that is useful to management. Although much of this information is the same as that contained in reports for outsiders, management also needs a considerable amount of addi-tional information. “Useful” always connotes some purpose for which the figures are to be used. The concern is with the use of accounting figures in the identification, recognition, or solution of management problems. The terms “financial accounting” and “managerial accounting” are not precise descriptions of the activities they comprise. All accounting is financial in the sense that all accounting systems are...
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...Analyzing Managerial Decision: United Airlines by Ronald J. Sanders HCM-540, MBOL5, Health Care Organization Instructor: Wenyuan Teng Saint Leo University Distance Learning November 10, 2013 Abstract United Airlines is one of many airlines that look to capitalize on it’s ability to provide air service to the consumer. Like other airlines, it is challenged to be creative and profitable in a changing market. The creativity may involve creating flights or analyzing the cost associated with providing a service. This paper offers some insight on the case study of United Airlines and provides some analysis on the managerial decisions within the company. The scenario given in the case study speaks about a situation of declining profits and the costs of operating were growing. A dialogue of cost and market organization will be noted and the recommended managerial decision of; whether the airline should run a specific flight or not. Introduction When making a business decision, many factors should be considered. The market structures in the economy are important in seeking whether the company is reasonable to continue to operate or not. The structure of the market or characteristics of the market environment that United Airline operates in is competitive market. Competition market is an economics term that refers to firms that have no influence on market price and take it as given. (Brickley Smith & Zimmerman, 2009). For United Airlines to operate...
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...ROLE OF MANAGERIAL ACCOUNTING IN A DYNAMIC BUSINESS ENVIRONMENT Learning Objectives 1. Define managerial accounting and describe its role in the management process. 2. Explain four fundamental management processes that help organizations attain their goals. 3. List and describe five objectives of managerial accounting activity. 4. Explain the major differences between managerial and financial accounting. 5. Explain where managerial accountants are located in an organization, in terms of formal organization, deployment in cross-functional teams, and physical location. 6. Describe the roles of an organization's chief financial officer (CFO) or controller, treasurer, and internal auditor. 7. Briefly describe some of the major contemporary themes in managerial accounting. 8. Understand and explain the concepts of strategic cost management and the value chain. 9. Understand the ethical responsibilities of a managerial accountant. 10. Discuss the professional organizations, certification process, and ethical standards in the field of managerial accounting. Chapter Overview I. The Management Process in Organizations A. What is managerial accounting? B. Management activities 1. Decision making 2. Planning 3. Directing operational activities 4. Controlling II. How Managerial Accounting Adds Value to the Organization A. Provides information for decision making...
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...Analyzing Managerial Decisions: Structuring Compensation Plans by HCM-540, MBOL5, Health Care Organization Instructor: Saint Leo University Distance Learning December 8, 2013 Analyzing Managerial Decisions: Structuring Compensation Plans Ronald J. Sanders Saint Leo University MBA540 Analyzing Managerial Decisions: Structuring Compensation Plans 1. Why do you think the compensation plans differ at the two firms? In particular, why do you think Kauffman’s pay commissions to salespeople, while Parkleigh does not? Why does Parkleigh offer employee discounts on purchases, while Kaufmann’s does not? A number of explanations exist for the difference between compensation plans of the two businesses. First, because Parkleigh’s operation philosophy may be that the sales incentive is the driver of sales rather than the fact that high customer service and friendly staff being the driver of sales, particularly when selling to the high end consumers. They may choose to have the sales staff keep the dressing rooms tidy and the clothes neatly placed. The appearance of displayed items has a favorable impression with patrons of the store which would increase store sales. Parkleigh’s employees may be offered the discount simply because he may think that if employees feel an ownership, the merchandise would be easier to sell to other customers. Because an employee is employed by store does not mean an employee can afford the products. Their products are more upscale and...
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...Define and describe the interactional framework for analyzing leadership including the different components of the framework and how it can be used to determine effective leadership. The interactional framework for analyzing leadership depicts leadership as a function of three elements (level of analysis): the leader, the followers, and the situation. It can be used to analyze leadership scenarios from each level of analysis separately, which can be useful. However, using the framework as an analysis tool for leadership situations is more effective when analyzing the interactions between the different levels of analysis. For instance, it may be useful to examine a leadership scenario by analyzing the situation and determining the level of stress, the environment, or the task at hand but more information can be gathered by analyzing the interaction between the leader and the situation. If the leader can perform actions to modify the situation, to lessen the stress of the situation for example, there may be a resulting positive effect on the followers. This example highlights one of the unique and useful aspects of the interactional framework for analyzing leadership: the importance placed on the interactions between the leader, the followers, and the situation. The interactional framework for analyzing leadership scenarios is best represented by a Venn diagram, as drawn below, where each level of analysis (leader, followers, and situation) are drawn as open circles that overlap...
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...Managerial Accounting 12/3/15 Managerial Accounting Accounting is a crucial part in running a business. There are various forms of accounting that can be used, it is very important to know which technique is best to use for what companies. Once you figure out a particular technique to use, it is important to keep an open mind if there are any changes that need to take place in the business. By keeping an open mind helps the business adjust and be able to make the right decisions. Every business wants to make a profit; accounting is an important part in helping understand how profits and expense amounts are derived. One form of accounting I will focus on is managerial accounting or also known as management accounting. Managerial accounting is the process of identifying, analyzing, recording and presenting financial information that is used for internally by the management for planning, decision making, and control. Managerial accounting provides economic and financial information for managers and other internal users (Managerial, 2005). When you tell people about managerial accounting, the first thing they ask is “What’s the difference between managerial and financial accounting?” There are both similarities and differences between managerial and financial accounting. The major similarity each field shares, is that they both deal with the economic events of a business. As an example, determining the unit cost of manufacturing a product is part of managerial accounting...
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...The difference between managerial accountant and a financial accountant are vastly different. Investopedia defines managerial accounting as the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. The information that a managerial account has is primarily targeted to assist managers inside the organization to make better decisions for the company ("Financial accounting," ). On the other hand the financial accounting is greatly different in that it is a method of recording, summarizing and reporting the numerous amounts of dealings from an industry; as a result it makes available a precise representation of the business fiscal situation and performance. The most important objective of financial accounting is the planning of financial statements - including the balance sheet, income statement and cash flow statement that condenses the firm's functioning presentation over a specific period, and financial position at a precise point in time. These statements - which are normally prepared quarterly and annually, and in accordance with Generally Accepted Accounting Principles (GAAP) - are aimed at external parties including investors, creditors, regulators and tax authorities ("Financial accounting," ). The key difference between financial and managerial accounting is that financial accounting is aimed at providing information to parties outside the organization, whereas managerial accounting information...
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...Analyzing Managerial Decisions: eBay.com by HCM-540, MBOL5, Health Care Organization Instructor: Saint Leo University Distance Learning November 24, 2013 Analyzing Managerial Decisions: eBay.com Ronald J. Sanders Saint Leo University MBA540 Analyzing Managerial Decisions: eBay.com 1. How does ebay create value? Ebay brings together million of buyers and sellers to its online portal creating value through virtual shopping through auctioning for goods and services. Virtual auctioning serves as another concept of allowing consumers to shop from anywhere, other than conventional stores. Additional value is added by creating safe secure measure for buyers to make payment. Without a secure method of payment, customers will feel skeptical about making purchases. The feedback forum is a way for shoppers and sellers to learn about the product or service rendered through a rating using “stars.” 2. What potential contracting problems exist on ebay? The seller would possess asymmetric information regarding the item being sold and the condition the item is in. This outs the online buyer at a distinct disadvantage .One of the potential problems that may exist is the advertising of damage goods. Even though ebay has participants sign a user agreement, there no way to know if the product is significantly damage through a photos. Fraudulent selling of merchandise can be an issue because the product can easily be disguised and service inadequate. The product may not...
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