Quality, profits, and the environment: diverse goals or common objectives

Article Abstract:

Quality, profitability and environmental responsibility are three variables that have a significant impact on the success of businesses. Companies therefore need to understand the dynamics among the three factors to ensure the effectiveness of their strategies. Quality is related to environmental responsibility, as evidenced by the fact that processes and products that are of high quality are typically those that adhere to strict environment standards. By comparison, the relationship between environmental policy and profitability is not as clear. Light-green environmental attitudes, which aim to facilitate compliance with laws and regulation, are feasible and do not require substantial resource spending, while dark-green attitudes, which focus on sustainable development, is more expensive and would require a change in attitudes from society and investors. The role of accountants in quality and environmental initiatives is discussed.

Evaluation, Economic aspects, Profit, Profits, Total quality management, Environmental policy

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Redesigning the resource allocation process

Article Abstract:

Redesigning an ineffective resource allocation process should follow a number of principles. These include ensuring that the decision makers share a common mission and strategic goals, identifying the company resource limitations for the operating and capital budgets, conducting resource allocation on a cross-functional basis, searching the programs that support each strategic goal and relying on high-level planning estimates for multiple-year resource allocation decisions. Aside from these, general principles should also be followed. These are securing the sponsorship of the resource allocation redesign by top management, hiring an outside consultant or professional facilitator to assist the organization, changing the culture and current behaviors related to the present resource allocation process and introducing appropriate technology and information systems.

Methods, Resource allocation

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Redesigning an Accounting Department for Corporate and Personal Goals

Article Abstract:

Job redesign must blend goals and the needs of employees. Employee satisfaction is raised when jobs have variety, autonomy, task identity and feedback. Redesigning an accounting department entails a care reassessment of job descriptions and employee capabilities. An example of a successful change is included. Keys to its success were distinguishing between accounting and controllership duties, allocating time for the change, flexibility, allocating tasks along divisional lines and assigning specific management by objective tasks.

Officials and employees, Accounting and auditing, Motivation (Psychology), Work design

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