scholarly journals The Miles and Snow Business Strategy Typology and the Adoption of Management Accounting Practices

2021 ◽  
Vol 16 (2) ◽  
pp. 233-264
Author(s):  
Tuan Zainun Tuan Mat ◽  
◽  
Ammar Syafiq Subri ◽  
Fadzlina Mohd Fahmi ◽  
◽  
...  
Keyword(s):  
Business Strategy ◽  
Management Accounting ◽  
Adaptive Strategy ◽  
Business Environment ◽  
Business Strategies ◽  
Manufacturing Companies ◽  
Crucial Information ◽  
Adoption Level ◽  
Miles And Snow ◽  
A Company

Changes in the business environment requires that a company adopts a more adaptive strategy. A business strategy is not just about planning, but it needs to be supported with meaningful information. Management accounting complements a business strategy by providing crucial information, not just limited to cost efficiency, but customer satisfaction and quality management. However, the adoption of management accounting practices (MAPs) is believed to be influenced by strategy. Using the Miles and Snow (1978) business strategy typology model, this study examined the influence of business strategy on the adoption of MAPs, focusing on how the different types of business strategies used in organizations may influence the adoption of MAPs. Data was collected from manufacturing companies in Malaysia. The result showed that most Malaysian manufacturing companies utilized three major classifications of strategies, i.e., defender, prospector, analyzer, and only a few were classified as reactors. The result showed that the adoption level of both traditional and advanced MAPs is also high. Findings from this study indicated an influence of the defender and analyzer types towards adopting traditional MAPs, whereas the prospector type had influenced the adoption of advanced MAPs. Keywords: management accounting practices, business strategy, defender, prospector, analyzer, reactor

scholarly journals RELATIONSHIP BETWEEN FAMILY OWNERSHIP, AGENCY COSTS TOWARDS FINANCIAL PERFORMANCE AND BUSINESS STRATEGY AS MEDIATION

2018 ◽  
Vol 19 (0) ◽  
pp. 49-58
Author(s):  
Enni Savitri
Keyword(s):  
Financial Performance ◽  
Business Strategy ◽  
Agency Costs ◽  
Stock Exchange ◽  
Partial Least Square ◽  
Least Square ◽  
Business Strategies ◽  
Family Ownership ◽  
Manufacturing Companies ◽  
The Relationship

This study investigates the relationship between family ownership, agency costs, financial performance, and companies’ business strategies. The targeted population of this study were all 143 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2007–2014. About 31% (45) of these manufacturing companies are family companies. The hypotheses were tested using the partial least-square (PLS) method. Our findings reveal that the companies’ business strategies are not affected by the family ownership. Family ownership and business strategies influence companies’ financial performance. Agency costs influence business strategy and financial performance, and this shows that agency costs contribute to both the increase and decrease of financial performance. Business strategy mediates the relationship between family ownership and financial performance. This shows that family companies do not concentrate on financial goals but rather on the sustainability. Business strategy influences the relationship between agency costs and financial performance. This shows that funds can be redistributed in the course of business strategy planning, which will, in turn, improve the company’s development.

scholarly journals Foreign Exchange Risk and Profit Improvement in the Comprehensive Profit Opportunity and Lost Opportunity Control Model

2016 ◽  
Vol 11 (4) ◽  
pp. 1 ◽  
Author(s):  
Akira Nishimura
Keyword(s):  
Risk Management ◽  
Foreign Exchange ◽  
Business Strategy ◽  
Management Accounting ◽  
Manufacturing Companies ◽  
Hedge Accounting ◽  
Exchange Risk ◽  
Profit Opportunity ◽  
Contemporary Management ◽  
Lost Opportunity

The aim of this paper is to examine the influence of foreign exchange risks on manufacturing activities (<em>monozukuri</em> in Japanese) and the function of derivatives as a countermeasure against such risk from the viewpoint of management accounting. From this perspective, we examine the Comprehensive Profit Opportunity and Lost Opportunity Control (COLC) model, discussed previously in this journal, and further its practical development and application. To this end, this paper first clarifies the actual situations of major Japanese manufacturing companies in terms of foreign exchange fluctuation earnings and derivative instruments (including hedge accounting). Then, after investigation of the prior research on the interrelation between risk management and management accounting, we theoretically analyze the relations between risks, derivatives, and hedge accounting from the synthetic viewpoint of profit opportunity, risk, and opportunity cost. As a result, this analysis can play an important role in outlining the landscape in which business strategy and enterprise risk management align, both proactively and reflectively, with contemporary management accounting.

scholarly journals Business Strategy for Longgar Outfit as a New Fashion Brand

2020 ◽  
Vol 1 (1) ◽  
pp. 14-24
Author(s):  
Sofia Nuraini ◽  
Mustika Sufiati Purwanegara
Keyword(s):  
Business Strategy ◽  
Swot Analysis ◽  
Secondary Data ◽  
Business Environment ◽  
Business Strategies ◽  
Primary Data ◽  
Environment Analysis ◽  
Root Cause ◽  
Fashion Brand ◽  
New Business

Longgar Outfit is a local fashion brand from Bandung that focuses on plus size women. Longgar Outfit has the vision to become the leading plus size fashion brand in Bandung. Unfortunately, since the appearance of Longgar Outfit on the market in early January 2019, Longgar Outfit has faced problems in penetrating the market. The problem currently being faced by Longgar Outfit is unstable sales. The purpose of the research is to find out a suitable business strategy in order to stable Longgar Outfit sales. This research is conducted to summarize the business strategy for Longgar Outfit using internal and external business environment analysis, customer analysis, and SWOT analysis to determine the root cause. Use a qualitative approach as a research method for understanding a social phenomenon. This approach will find the current business situation, planning business strategies, and proposed new business strategies. Data collection techniques using observation and in-depth interviews as primary data, while secondary data with literature studies using books and journals related to principles of marketing, strategic marketing, and other topics. This research has limitations to the object being observed as many as two competitors who have a similar business model and interviewed 15 potential customers to explore their needs and desires regarding plus size clothing. The results of this research get findings on alternative business solutions for Longgar Outfit. The proposed business strategy for Longgar Outfit consists of a new STP strategy, create value proposition canvas, create a point of difference and point of parity, develop new marketing (4Ps) strategy, and organizational structure plan.

scholarly journals Business Strategies in a Turbulent Business Environment: Findings from Indonesian Telecommunication Industry

2019 ◽  
Vol 4 (2) ◽  
pp. 111 ◽  
Author(s):  
Muhammad Imam Nashiruddin
Keyword(s):  
Business Strategy ◽  
Business Environment ◽  
Partial Least Square ◽  
Least Square ◽  
Business Strategies ◽  
Survey Method ◽  
Telecommunication Industry ◽  
Path Modeling ◽  
Business Units ◽  
Telecommunication Companies

This study aimed to explore the development of business strategies in a turbulent business environment. The study involved leaders of several telecommunication business units in Indonesia as research respondents. The research used the descriptive and the explanatory survey method using Partial Least Square-Path Modeling (PLS-PM). The results showed that although the business strategies of the telecommunication companies in Indonesia were included in the good category; however, they were still not optimal because were mostly created through competitive strategy. Whereas, the cooperative strategy turned out to have a more dominant contribution to create superior competitive advantage in a turbulent business environment. The study also discussed problem solving on how the companies should formulate the business strategy in a turbulent business environment and recommended on how to maintain the sustainability of the telecommunication industries in Indonesia.

scholarly journals ТЕХНОЛОГІЧНА СТРАТЕГІЯ ЯК ДЕТЕРМІНАНТА УСПІХУ ПІДПРИЄМСТВА НА РИНКУ

2019 ◽  
Vol 133 (2) ◽  
pp. 50-59
Author(s):  
Ірина Миколаївна Гончаренко ◽  
Анна В. Сінілкіна
Keyword(s):  
Business Strategy ◽  
Best Practice ◽  
Technology Policy ◽  
Management Plan ◽  
Business Strategies ◽  
Technology Strategy ◽  
Extensive Experience ◽  
Corporate Strategies ◽  
Depth Analysis ◽  
A Company

The article discusses the main provisions on the selection and application of technology strategy at the corporate level and in particular business settings. Based on the in-depth analysis of international best practice, it is argued that a technology strategy is part of an overall comprehensive strategy that penetrates into all other strategies of a company strategic set and sets an imperative for innovative development in the market. Apparently, in some cases, a company business strategy actually makes its competitive management plan. Diversified companies run their own corporate strategies by a synergistic combination of different business strategies along with taking into account the specific coordination strategy, diversification or restructuring of company portfolios, if such exist. It is proved that technology vision, which entails technology policy and related objectives, drives the implementation of a company technology strategy and is a key determinant of company success on the market. It is also argued that the core of technology management concept is full harmonization of technology and the overall business strategy. The study has revealed that the aim of technology strategy is a competitive technology edge which means gaining specific outcomes needed to consumers. A focus on technology strategy and efficient embodiment of decisions are particularly important for technology-intensive types of production. However, time and financial horizons in conventional business realia promote such level of competition that allows for creating new exclusive competitive advantages which is a synergistic formation of new qualities based on extensive experience of many managers.

scholarly journals Impact of Unlisted Small and Medium-Sized Enterprises’ Business Strategies on Future Performance and Growth Sustainability

2019 ◽  
Vol 5 (3) ◽  
pp. 60 ◽  
Author(s):  
Won Park ◽  
Chang Soo Sung ◽  
Chung Gyu Byun
Keyword(s):  
Research And Development ◽  
Business Strategy ◽  
Manufacturing Industry ◽  
Field Research ◽  
Growth Potential ◽  
Business Strategies ◽  
Future Performance ◽  
Development Expenditure ◽  
Size Standard ◽  
Miles And Snow

This study aims to identify, from among business strategies presented in Miles and Snow (1978, 2003), those that increase the future performance or growth sustainability of unlisted small and medium-sized enterprises (SMEs) in Korea. (This study applied the scope of SMEs based on Article 2 of the Enforcement Decree of the Tax Exemption Restriction Act in Korea. The Korean tax law sets the scope of SMEs based on independence criteria set by the scale of sales, assets, and affiliation, and subordination. For example, the size standard of a manufacturing industry can be regarded as a small business if the average sales amount is less than 150 billion won or the total amount of assets is less than 500 billion won for three years.) In addition, it analyzes measured variables of business strategy for factors influencing unlisted SMEs’ future performance and growth potential. The objective is to determine a business strategy for unlisted SMEs, which are small, financially challenged, and have shorter lifespans and faster growth rates. The results highlight that investment in research and development (R&D) for new products influences both future performance and growth sustainability. R&D is an important intangible resource of the firm, which increases future risk due to high future uncertainty, but it is also an important factor to increase future performance or value based on resource-based theory. In the accounting field, research and development expenditure also provided evidence of future excess return or performance. This study is meaningful because it identifies the role of research and development in increasing future growth sustainability in SMEs, thus emphasizing change and innovation.

An Integrated Model of E-Business Strategy

2011 ◽  
pp. 271-289
Author(s):  
Peter Ping Li ◽  
Steven Tung-lung Chang
Keyword(s):  
Developing Countries ◽  
Business Strategy ◽  
Strategic Alliance ◽  
Organizational Form ◽  
Business Environment ◽  
Business Strategies ◽  
Business Success ◽  
Key Issues ◽  
Local Firms

This chapter proposes a conceptual framework of e-business strategy. It argues that such a framework must be holistic, dynamic, and dialectical. This framework will assist both researchers and practitioners regarding the key issues of e-business strategy. Further, a case study of Haier from China reveals that all firms need to learn how to design effective e-business strategies that should be built on a sound organizational form or business model. The case of Haier also suggests that the local firms from the developing countries need to be creative in formulating e-business strategies in order to operate effectively in the underdeveloped e-business environment. Strategic alliance is especially critical for the local firms with regard to their e-business success.

Comparative analysis of budgeting in the Slovene hotel industry

2011 ◽  
Vol 17 (1) ◽  
pp. 91-100
Author(s):  
Gordana Ivankovič ◽  
Mateja Jerman
Keyword(s):  
Strategic Management ◽  
Business Strategy ◽  
Management Accounting ◽  
Hotel Industry ◽  
Decision Makers ◽  
Business Strategies ◽  
Short Term ◽  
Strategic Management Accounting ◽  
Standard Cost

The main purpose of the presented research was to investigate whether Slovene hotels that have a business strategy and strategic management accounting are more successful in comparison with those that still do not have a long-term business strategy and strategic management accounting.Hotels that have a business strategy and strategic management accounting are expected to be more successful in comparison with those that still do not have a long-term business strategy. Questionnaires were distributed to the management of selected Slovene hotels. The Slovene budgeting practices were assessed in Slovene large hotels, which have more than 100 rooms. The analysis was performed at the beginning of the years 2004 and 2008, respectively. Budgeting practices in Slovene hotels were assessed by analyzing the extent to which managers used strategic management accounting and the extent to which business strategies were implemented. The analysis provides evidence that hotels with a long-term business strategy are more successful than those that that have a short-term strategy, or are even without one. Although an improvement in the field of continuous budgeting in the five-year period can be ascertained, only a minority of Slovene hotels uses standard cost as a basis for budgeting. This was the first study that ascertained discrepancies between Slovenian budgeting practice and foreign best practices, which is undoubtedly of great interest for decision-makers on the level of individual hotel.

scholarly journals PENGARUH TAX AVOIDANCE, CORPORATE GOVERNANCE DAN DIVIDEND PAYOUT RATIO TERHADAP KINERJA PERUSAHAAN DENGAN STRATEGI BISNIS SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 5 (2) ◽  
pp. 203
Author(s):  
Hanny Hanny ◽  
Vinola Herawaty ◽  
Hasnawati Hasnawati
Keyword(s):  
Corporate Governance ◽  
Business Strategy ◽  
Sampling Method ◽  
Tax Avoidance ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Dividend Payout ◽  
Controlling Variables ◽  
Miles And Snow

<p><em>The main p</em><em>urpose </em><em>of this research is to analyze the effect of </em><em>tax avoidance, corporate governance and dividend payout ratio</em><em>,</em><em> with business strategy </em><em>(as described in typology of Miles and Snow) </em><em>as moderating variable</em><em>,</em><em> on company performance</em><em>. Company performance is</em><em> measured by return on assets. </em><em>In addition, controlling variables used in this reserach are leverage, size and sales growth. </em><em>Object of th</em><em>is research</em><em> are manufacturing companies </em><em>that were </em><em>listed </em><em>in</em><em> Indonesia </em><em>S</em><em>tock </em><em>E</em><em>xchange </em><em>during</em><em> </em><em>year </em><em>20</em><em>13</em><em>-20</em><em>17</em><em>.</em><em> Sample determination</em><em> </em><em>is performed</em><em> using purposive sampling method</em><em>, of which resulted in total samples of 154 companies.</em><em> </em><em></em></p><p><em>The empirical results of this research shows that tax avoidance, </em><em>corporate governance and dividend payout ratio</em><em> are positively and significantly related with company performance measured by return on assets.</em> <em>Moderating (interaction) effect of business strategy decreases the association between both tax avoidance and dividend payout ratio, and company performance. Nonetheless, business strategy as moderation variable has no impact on the association between corporate governance and company performance.</em></p>

scholarly journals Management Accounting Dynamics in Bangladesh: Areas and Factors Behind the Changes

2019 ◽  
Vol 14 (2) ◽  
pp. 51-77
Author(s):  
Mohammad Rokibul Kabir ◽  
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Business Strategy ◽  
Management Accounting ◽  
Developed Countries ◽  
Manufacturing Industries ◽  
Strategic Decision ◽  
Manufacturing Companies ◽  
Reduction Techniques ◽  
Organization Strategy

Rapid growth in technologies and competitive business environments have brought significant changes in management accounting practices in the manufacturing industries. To cope with these changes a good number of management accounting tools have been developed in helping managerial decisions both at operating and strategic levels. Researchers have identified that the implementation of such tools in developed countries brought success in decision making though research in this particular area in less developed countries, especially in Bangladesh, is not significant yet. Thus, this research aimed to explain the changes that have taken place and the factors behind the changes in management accounting practices (MAP) in manufacturing industries. The listed manufacturing companies in Bangladesh consist of the population and sample of the study. Factor reduction techniques were used to analyze the influencing variables behind the changes in MAP. The paper reveals that the changes that have taken place from 2001 to 2010 period in MAP are mainly in the operational areas while after 2011 the changes in MAP have mostly taken place in the area of strategic decision making. The factors behind the changes are categorized under the heads of Changes in Business and Organization Strategy and Changes in Manufacturing and Information Technology by applying factor analysis. Keywords: Bangladesh, business strategy, changes in decision making, information technology, management accounting, manufacturing

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