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MT425 Unit 2 Discussion Question 2

MT425 Unit 2 Discussion Question 2
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ACCOUNTING

MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 2: Accounting, Management, and Cost Decisions

Unit 2 Discussion Question#2
Visit Focused Management, Inc., a consulting firm that helps companies adopt new management philosophies such as value-based management (VBM).

As you read about VBM, consider ways in which it is similar to other management philosophies you read about in Chapter 1 of Managerial Accounting, such as total quality management.

- Go to Focusedmanagement.com
- Click on VBM (located on the top navigation bar).
- Read the overview that appears.
- Click on What is VBM? (located on the vertical navigation bar at the left side of the screen).
- Read the overview that appears.

What does value-based management (as outlined on the Focused Management website) have in common with the other management tools identified in Chapter 1 of the textbook? What is unique about value-based management? Be specific.

 

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