New Economy

1. New business models

2. Different cost structures

3. 4 P’s of marketing

4. Profit as a function of margin and turnover

5. Disruptions

   1. 1890s

      1. Rise of department stores

      2. Technology – Lifts and trains

      3. Disadvantages

      4. Brands

   2. 1920s

      1. Mail order businesses

      2. Disruption – postal service

      3. Lack of literacy

         1. Brands

   3. 1960s

      1. Malls and discounters

      2. Technology - motorcars

      3. Malls as a sustaining development of dept. stores

   4. 1995

      1. Internet

      2. Collaborative filtering

      3. Trust

6. Information richness vs. customer reach

7. E-business

   1. Variable costing

   2. ABC in e-businesses

8. Strategy and strategic management accounting

   1. Strategic management accounting in new economy enterprises

   2. Three strategic frameworks

      1. Cost leadership vs. product differentiation

      2. Defender vs. analyser vs. prospector

      3. Harvest, hold, build

   3. Porter’s overall value chain

      1. Outsourcing

         1. Support activities

         2. Primary activities

   4. Porter’s five forces

9. Internet and competitive advantage

   1. Operational effectiveness

   2. Strategic positioning

      1. Value proposition

   3. Is there really a new economy?

   4. The myth of the first mover

   5. The future of internet competition

   6. Absence of strategy

   7. Internet as a complement

   8. The end of the new economy

10. Generalists vs. specialists

11. Flattening of the world

    1. Politics

       1. Berlin Wall

       2. Globalization

          1. 3.0

    2. Technology

       1. Workflow software

       2. Uploading

       3. Informing

       4. Gadgets

       5. Email

          1. Is it dead?

    3. Commerce

       1. Offshoring

       2. Supply-chaining

       3. Insourcing

       4. Outsourcing

Cost and Performance Management Systems

1. Functions of such systems

   1. Financial reporting

   2. Economic feedback

   3. Estimating costs

2. Four stages of system design

   1. Stage 1

      1. Legacy systems

   2. Stage 2

      1. Reporting driven systems

   3. Stage 3

      1. Managerial systems

   4. Stage 4

      1. ERP systems

Management Accounting in the Digital Age

1. Digitization

   1. Social effects

   2. Economic effects

   3. Network effects

   4. Intangibles

      1. Information goods

   5. Areas of concern

      1. Managerial issues

      2. Organizational concerns

         1. Contingency theory

      3. Macro-level systemic forces of change

2. Dot-com boom

3. Organization networks

4. Strategy

   1. Taylorism

   2. Traditional link with technology and managerial decision making

   3. Modern link with technology and managerial decision making

5. Cost management approaches

   1. Activity based management

   2. Product life cycle costing

   3. Target cost management

   4. Strategic investment appraisal

   5. Pricing

      1. Fixed pricing

      2. Variable pricing

6. Quality

   1. Products as commodities

7. Standardizing management accounting systems

8. Information goods

   1. Pricing information

   2. Differentiation and cost leadership

   3. Personalization

   4. Versioning

      1. Goldilocks pricing

9. Does IT matter?

Organisational Structure

1. Traditional structures

   1. Functional

   2. Divisional

2. Virtual corporations

   1. 3 pillars of virtual organizations

   2. Meta-management

      1. Meta-markets

      2. E-enablers

   3. Innovation risk

   4. Efficiency risk

   5. Characteristics

   6. Limitations

   7. Requirements

   8. Management

   9. Benefits

   10. Knowledge-based information economy

3. Joint ventures

   1. Corporate governance

      1. Equity vs. non-equity

   2. Equity joint ventures

   3. Risks

      1. Institutional

      2. Economic

      3. Multiple agency risk

         1. Agency theory

      4. Trust

      5. Foreign issues

         1. Legal restrictions

...

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