Archive for May, 2011


Business Communication: Money Talks

Of all the activities of modern business, communication is the most basic. Communication is essential between businesses, between stakeholders, and between employees whether managers or front-line workers. However, there are many barriers to effective communication.

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Activity-Based Cost: Blocking and Tackling First

Over the past two decades, Activity-Based Cost has grown from an obscure almost novelty costing methodology to a commonly accepted cost management methodology. One evidence of this is the plethora of supposedly new variations. Most of these variations result from marketing efforts to distinguish one software or consulting provider from the pack. Yet, the common […]

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Activity-Based Costing – Not For Financial Reporting!

In 1992, I co-authored “An ABC Manager’s Primer”. At the time, Activity-Based Costing or ABC was becoming popular. We published the Primer as a simple description of ABC. Now, at this point, it is amusing to look back and reflect on what we thought then and how it has played out in the last almost […]

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Budgeting: A Bad Practice With Poor Results

I just returned from Chicago and the 10th annual conference for the Beyond Budgeting Round Table or BBRT. Although I attended several earlier conferences, this one was still an interesting and valuable conference.

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