The “Evils” of Traditional Cost Accounting (DRAFT)

2018 ◽  
Author(s):  
Boaz Ronen ◽  
Joseph S Pliskin ◽  
Shimeon Pass
Keyword(s):  
Decision Making ◽  
Cost Accounting ◽  
Business Environment ◽  
Service Organizations ◽  
Cost Structures ◽  
Business Opportunities ◽  
Modern Business ◽  
Decision Making Processes ◽  
The One ◽  
The Cost

Traditional cost accounting lost its relevance, and those who use it for decision-making may cause damages to their organizations. Traditional cost accounting is no longer valid because of the changes in healthcare cost structures and changes in the competitive environment. The chapter shows that the assumptions of traditional cost accounting that were valid at the beginning of the 20th century are no longer valid for analyzing costs of healthcare service organizations. Reliance on the cost of the product or the cost of the service may lead to the loss of business opportunities on the one hand and interference in the decision-making processes on the other hand. Chapter 16 will present alternatives for traditional cost accounting that are appropriate for healthcare organization in the modern business environment.

Capturing Tacit Knowledge within Business Simulation Games

2012 ◽  
pp. 478-490
Author(s):  
Meira Levy ◽  
Nava Pliskin
Keyword(s):  
Decision Making ◽  
Tacit Knowledge ◽  
Online Communication ◽  
Business Environment ◽  
Business Simulation ◽  
Simulation Games ◽  
Decision Making Processes ◽  
The One ◽  
Knowledge Management Capabilities ◽  
Management Capabilities

Knowledge, in particular the tacit knowledge embedded in people and groups, is considered a strategic organizational asset. Many organizations harness knowledge to increase the quality of decision-making processes, especially in the current complex global business environment. Many organizations also harness business simulation games to support learning aimed at improving decision-making processes. Given the importance of knowledge, on the one hand, and of simulation games, on the other, this chapter presents a conceptual model for embedding knowledge management capabilities, including Web 2.0 applications, within simulation games environments for the purpose of improving the learning outcomes with regard to capturing tacit knowledge as well as to developing online communication skills.

Capturing Tacit Knowledge within Business Simulation Games

2014 ◽  
pp. 1552-1564
Author(s):  
Meira Levy ◽  
Nava Pliskin
Keyword(s):  
Decision Making ◽  
Tacit Knowledge ◽  
Online Communication ◽  
Business Environment ◽  
Business Simulation ◽  
Simulation Games ◽  
Decision Making Processes ◽  
The One ◽  
Knowledge Management Capabilities ◽  
Management Capabilities

Knowledge, in particular the tacit knowledge embedded in people and groups, is considered a strategic organizational asset. Many organizations harness knowledge to increase the quality of decision-making processes, especially in the current complex global business environment. Many organizations also harness business simulation games to support learning aimed at improving decision-making processes. Given the importance of knowledge, on the one hand, and of simulation games, on the other, this chapter presents a conceptual model for embedding knowledge management capabilities, including Web 2.0 applications, within simulation games environments for the purpose of improving the learning outcomes with regard to capturing tacit knowledge as well as to developing online communication skills.

The making of an imperial slum: Nyasaland and its railways, 1895–1935

1975 ◽  
Vol 16 (1) ◽  
pp. 89-112 ◽  
Author(s):  
Leroy Vail
Keyword(s):  
Decision Making ◽  
Steel Industry ◽  
Agricultural Development ◽  
Colonial Experience ◽  
Decision Making Processes ◽  
Railway System ◽  
The One ◽  
The Cost ◽  
The Impact ◽  
Major Project

This paper is meant to be a contribution towards assessing the impact of the colonial experience upon Nyasaland, concentrating upon the decision-making processes involved in building the railways that served Nyasaland and the impact that they had upon Nyasaland's economy. In the early 1890s British metropolitan interests became alive to the strategic and commercial importance of Portuguese East Africa south of the Zambezi. To further British interests in the area, imperial decisions were taken to protect the British proxy there, the Mozambique Company. This protection included support for the Trans Zambesia Railway project. This support was calculated to protect British interests from American commercial threats, but the cost of the railway was placed upon the Nyasaland administration. Lumbered with the burden of the railway guarantees, Nyasaland's economy stagnated in the 1920s and African agricultural development was impeded. As a result, by the end of the twenties Nyasaland was being described as ‘the Cinderella of Africa’.In the late 1920s a second major project was approved. This was the construction of the Zambezi bridge. Again, the decision to build this was not taken with the interests of Nyasaland in mind, but rather in order to provide steel orders for a stagnating British steel industry in 1929. The one possible moneymaker for the bridge and railway system, coal from Moatize, was prevented from being developed lest it compete with Welsh coal. And when the decision to build the bridge was made, it was decided that Nyasaland should pay.

scholarly journals Principals’ moral agency and ethical decision-making: Towards transformational ethics

2015 ◽  
Vol 10 (5) ◽  
Author(s):  
Sabre Lynn Cherkowski ◽  
Keith D Walker ◽  
Benjamin Kutsyuruba
Keyword(s):  
Decision Making ◽  
Transformational Leadership ◽  
Moral Agency ◽  
Ethical Decision ◽  
Ethical Decision Making ◽  
Best Interests ◽  
Leadership Responsibility ◽  
Decision Making Processes ◽  
The One ◽  
The Cost

This descriptive study of the ethical decision-making among a group of Canadian principals provides a rich portrait of how and why principals engage their moral agency through their decision-making processes. Using a leadership responsibility framework linking moral agency and transformational leadership, the researchers found that: modeling moral agency is important for encouraging others to engage their own moral agency in the best interests of all children; despite efforts to engage in collaborative decision-making, principals are often faced with the reality that they are the one to absorb the cost of the decisions; and principals tend to engage less often in transformational aspects of leadership as part of the decision-making process. More research is needed to understand how school leaders can engage more often and more substantially in transformational leadership among their teachers and staff and how they build moral agency capacity in their schools.

scholarly journals An analysis of systemic thinking in decision-making processes in the municipalities within the province of KwaZulu-Natal

2015 ◽  
Vol 4 (4) ◽  
pp. 531-547
Author(s):  
Mbuyiseni Goodlife Ntuli ◽  
Lawrence Mpela Lekhanya
Keyword(s):  
Decision Making ◽  
Process Model ◽  
Business Environment ◽  
Rational Decision ◽  
Systemic Thinking ◽  
Rational Decision Making ◽  
Theoretical Perspectives ◽  
Kwazulu Natal ◽  
Decision Making Processes ◽  
Decision Making Model

This paper advocates the adoption of systemic thinking in decision-making processes in municipalities. Most importantly, in this epoch of managing in complex and thought-provoking business environment, decision making is one of the most important skills required by any manager to remain effective. The success of a municipality or any business hinges on how well decisions are taken and implemented. In this paper, I intend to scrutinize decision making processes at strategic management levels in the municipalities within the province of KwaZulu-Natal. In doing that, a mixed method approach of qualitative and quantitative techniques was adopted in gathering data from sixty-one municipalities within the province of KwaZulu-Natal. This was done in order to substantiate theoretical perspectives from different erudite scholars on the discourse of systemic thinking in decision making processes. This notion of systemic thinking is coined upon the universally used rational decision making process model. Thus, the conceptualization of rational decision-making model was also considered in this paper, the possibility of decision failure, the complexity of the municipality, and systemic thinking as the recommended option of dealing with complexity was explored. The results indicates that the theory that underpins the adoption of systemic thinking in dealing with complexity today’s business environment is relevant.

Electronic Collaboration in Strategic Decision-Making Processes

2014 ◽  
pp. 601-623
Author(s):  
Aslı Goksoy ◽  
Ozalp Vayvay ◽  
Beliz Ozsoy Yılmaz ◽  
Ahmet Yılmaz
Keyword(s):  
Decision Making ◽  
Business Environment ◽  
Strategic Decision ◽  
Successful Implementation ◽  
Strategy Formulation ◽  
Electronic Communications ◽  
Use Of Technology ◽  
Electronic Collaboration ◽  
Information And Communication ◽  
Decision Making Processes

The pace of change in information and communication technology has accelerated rapidly in the past decade, providing various opportunities for companies to improve their efficiency and competitiveness and also collaborate with their business partners. In the digitally connected 21st century business environment, collaboration among organizations requires electronic communications within and across fields to facilitate superior outcomes. The proper use of technology enables businesses to be more efficient. E-collaboration has been a great tool to improve business and a strategic weapon to change the traditional business relationships. E-collaboration aims to facilitate coordination of decision-making processes, and it is no longer a source of competitive advantage, but instead a competitive necessity. Tightly linking information technology with strategy formulation is one of growing importance in organizations. This chapter aims to explore the role and benefits of technology in decision-making processes by presenting a successful implementation of electronic collaboration in a leading global supplier of electronics and electrical materials and provide useful information to managers and practitioners.

Entrepreneurial decision-making: new conceptual perspectives

2019 ◽  
Vol 58 (7) ◽  
pp. 1283-1300 ◽  
Author(s):  
Kaylee De Winnaar ◽  
Frances Scholtz
Keyword(s):  
Decision Making ◽  
Business Environment ◽  
Theory And Practice ◽  
Future Research ◽  
Conceptual Approach ◽  
Content Type ◽  
Business Environments ◽  
Theoretical Perspectives ◽  
Decision Making Processes ◽  
Entrepreneurial Decision

Purpose The purpose of this paper is to call for inclusion of alternative but complementary conceptual perspectives in entrepreneurial decision-making theory and practice. Design/methodology/approach A conceptual approach, drawing on two sets of theoretical perspectives relating to decision making of entrepreneurs, is adopted. Findings The paper presents a conceptual framework of entrepreneurial decision making utilising the intersection between a metacognitive model of the entrepreneurial mindset and the recognition-primed decision-making theory. The paper argues that the convergence of these theoretical viewpoints provides a selection of decision-making processes for entrepreneurs in an uncertain business environment. Practical implications Decision-making models and tools are available to entrepreneurs; however, the relevance and applicability are restrained by the complexity and uncertainty of business environments in which entrepreneurs operate. New and more inclusive conceptual perspectives are required to improve the accuracy of decision making. Originality/value The study offers a framework that integrates two diverse theoretical dimensions of entrepreneurial decision making. The findings of this study provide direction for practice and for future research on entrepreneurial decision making. The paper intends to encourage researchers to support a new combined theoretical approach and to help practitioners better understand the reasons for entrepreneurial decision failure.

scholarly journals Simulation and Modeling Efforts to Support Decision Making in Healthcare Supply Chain Management

2014 ◽  
Vol 2014 ◽  
pp. 1-16 ◽  
Author(s):  
Eman AbuKhousa ◽  
Jameela Al-Jaroodi ◽  
Sanja Lazarova-Molnar ◽  
Nader Mohamed
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Simulation And Modeling ◽  
Healthcare Organizations ◽  
Chain Management ◽  
Decision Making Processes ◽  
Environment Simulation ◽  
The Cost ◽  
Support Decision Making

Recently, most healthcare organizations focus their attention on reducing the cost of their supply chain management (SCM) by improving the decision making pertaining processes’ efficiencies. The availability of products through healthcare SCM is often a matter of life or death to the patient; therefore, trial and error approaches are not an option in this environment. Simulation and modeling (SM) has been presented as an alternative approach for supply chain managers in healthcare organizations to test solutions and to support decision making processes associated with various SCM problems. This paper presents and analyzes past SM efforts to support decision making in healthcare SCM and identifies the key challenges associated with healthcare SCM modeling. We also present and discuss emerging technologies to meet these challenges.

scholarly journals Leiten oder leiten lassen? Gesprächsanalytische Beobachtungen zur interaktiven Aushandlung der Leitungsfunktion im Klassenrat

2019 ◽  
Vol 70 (1) ◽  
pp. 73-104
Author(s):  
Nadine Nell-Tuor ◽  
Nina Haldimann
Keyword(s):  
Decision Making ◽  
Interaction Analysis ◽  
The Other ◽  
School Life ◽  
Leadership Responsibility ◽  
Teaching Format ◽  
Specific Focus ◽  
Decision Making Processes ◽  
The One ◽  
Do So

Abstract The class council is a teaching format which takes place regularly, aiming at the teacher stepping back from his/her conventional role as the organizing authority in order to allow the students to participate directly in decision-making processes concerning their everyday school life. This format results in a unique interactional constellation among the participants. In this article, we explore this interactional constellation from the perspective of conversation and interaction analysis. On the basis of videographies of class council sessions in which students and teachers occupy different participation roles, we ask how those roles are negotiated interactively. With a specific focus on the teacher and the moderator (student), we ask to what extent the teacher is able to delegate leadership responsibility among the group. It is shown that teachers are only partly able to do so. Often, teachers influence the interaction on a multimodal level. The challenge of organizing the class council lies in the need for the participants to accomplish different (and in part incompatible) interactional orders: on the one hand, teachers as well as students have to consider their specific participation roles; on the other hand, their participation roles are framed institutionally and cannot easily be changed.

scholarly journals The Ethical Matrix as a Tool for Decision-Making Process in Conservation

2021 ◽  
Vol 9 ◽  
Author(s):  
Pierfrancesco Biasetti ◽  
Barbara de Mori
Keyword(s):  
Decision Making ◽  
Ethical Analysis ◽  
Decision Making Process ◽  
Value Judgments ◽  
Conceptual Tool ◽  
Ethical Assessment ◽  
Ethical Matrix ◽  
Decision Making Processes ◽  
The One ◽  
The Impact

Decision making-process in conservation can be very complex, having to deal with various value dimensions and potential conflicts. In fact, conflicts and competing interests between stakeholders are among the most quoted reasons for failure of projects. Ethical analysis can be helpful in this regard. In this paper we present a revision of the Ethical Matrix specifically tailored to decision-making processes in conservation. The Ethical Matrix is a conceptual tool devised to help decision-makers by supplying them with a framework of the ethically relevant aspects involved in decision-making process. It was originally developed for the ethical assessment of agri-food biotechnologies and later has been applied to other fields. The revised version we propose here has been designed for the ethical analysis of conservation priority-setting and impact. As conservation can raise many ethical relevant controversies, conceptual tools like the one presented here can be of help for conservationists, providing a map of the value demands involved. This map can be used to question the reasonableness of the value judgments, estimate the impact of different courses of actions, anticipate conflicts, and rank their severeness.

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