MBA Depot - Enriched Performance Data

Activity-based management improves business performance management processes by providing insight into costs, but few companies are combining the two disciplines. Here's why.

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Running an activity-based analysis through the Scorecard provides an accurate cost and profit picture and enhances the ScorecardÂ’s ability to connect with operations. And the Scorecard prevents companies from drowning in ABC/M detail.
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Activity-based costing initiatives can easily go awry if everyone isnÂ’t using commonly understood terms. But creating a reference guide requires arriving at a consensus on what each definition should be Â— a challenge that would make Noah Webster wince.
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Subject(s): Finance, IT / Internet / E-Business

Source(s): Business Finance Magazine

Author(s): Tad Leahy

Posted: 2004-10-11

# Views: 89

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