Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Outsourcing The Packaging Function, Rihaz Z. Chughatta
Outsourcing The Packaging Function, Rihaz Z. Chughatta
Rihaz Z Chughatta
If you are currently working in the packaging department of a major corporation in the pharmaceutical, food or consumer products industry, you have probably been exposed to some form of outsourcing, which is a global trend that has emerged over the past decade, and continues to evolve, within the packaging field.
Tracking Performance: When Less Is More, Kathy Paulson Gjerde, Susan B. Hughes
Tracking Performance: When Less Is More, Kathy Paulson Gjerde, Susan B. Hughes
Scholarship and Professional Work - Business
With or without a balanced scorecard, it is easy for managers to become inundated with metrics and measures. In this article, we first highlight the differences between lagging and leading measures. Second, we illustrate the importance of differentiating the strategic leading indicators-the key leading measures-from those that may improve operational efficiency without significant improvements in profitability. Third, we use a business simulation to demonstrate that focusing on and improving the key leading measures has the greatest impact on profitability, but getting lost in the secondary measures dilutes the effect. Combined, the results illustrate that less may be more when it …
The Relationship Between Accounting Profit And Economic Income, John Ryan
The Relationship Between Accounting Profit And Economic Income, John Ryan
Faculty of Business - Papers (Archive)
The reliance on economic concepts, most notably economic income, for the measurement of profit in financial accounting is misplaced. This paper explores the concept of economic income, contrasting it with the concept of profit in the conventional accounting model. The concept of individual economic income cannot be used for measurement of profit for a past period as the concept is based on the capitalisation of expectations and excludes "separate but correlated" concepts of profit and capital needed for capital maintenance.