A business that continuously learn to improve their performance will greatly add value to their customers by providing better products and services and also return higher returns to it’s shareholders/investors. Many small businesses are aware of the fact that improving business performance is paramount for the long term success in the market place. However many business owners are do not know h...

In this economic turbulence times it is important to keep the costs down and maintain the margin levels. However many business do their cost reduction in panic without considering the long-term strategic impact to the business. Cost reduction shouldn’t be only about cutting costs. Cost reduction should focus on bringing operational and structural advantage. Here are some suggestions to con...

Strategic management accounting is about supporting businesses internally and help them improve their performance. In larger organisations with diverse finance functions dedicated management accounting function plays a significant role in analysing and generating management information to help decision makers to manage the performance and risk management aspects of the business. Strategic Managem...

What are Key Performance Indicators (KPIs)? KPIs measure progress of a business towards it’s intended goals. KPIs reflect both financial and non-financial critical success factors and assist strategic management of the business. Why clear definition is important? Accurate and appropriate definition of KPIs are vital for effective use and strategic management of business performance in ach...

  Strategic management accounting is about supporting businesses internally and help them improve their performance. In larger organisations with diverse finance functions dedicated management accounting function plays a significant role in analysing and generating management information to help decision makers to manage the performance and risk management aspects of the business. Strat...