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Topic 4 Reading Anderson And Sedatole Management Accounting For The Extended Enterprise Notes

Accounting Notes > Strategic Finance, Digitization and Extended Enterprises Notes

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AC310: Topic 4 - Reading - Anderson and Sedatole - Management Accounting for the Extended Enterprise

Anderson and Sedatole - Management Accounting for the Extended Enterprise Introduction

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Amorphous forms of collaboration: o Strategic alliances, strategic partnerships, consortia, embedded relationships, JIT II o Don't have much legal structure o Growing segment of the world economy o Considered a prime vehicle for growth o New economy didn't give birth to these hybrid forms
? It allowed them to be used
? 'the ability to attract partners and manage alliances... is the new core competency of the networked age' (Schifrin 2001) o Rational capital = the organizational capability of firms to interact with suppliers in a partnership arrangement (Lorenzoni and Lipparini 1999) o The new economy has allowed competitive advantage to be created from these collaborations Management has generally kept up with the new styles of organization, but accounting generally hasn't o Hard to 'measure financial performance from the outside' o Hopwood and Bromwich argue that there is a case also for new management accounting Intuition says new management accounting modes accompany the emergence of hybrid organizational forms Highly failure rate of these hybrid firms o High level of organizational trust required (Lewis 1999, Ring and Van de Ven 1992) The multi-level nature of alliance networks leads to demands for management accounting and performance management

The New Economy and the Extended Enterprise: Evidence on Strategic Alliances and Joint Ventures, 1985-2000

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US census data shows that between 1992 and 1997, strategic alliances out grew establishment of new firms

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May be even higher due to the non-legal framework of more hybrid alliances Has affected different industries more substantially oServices industry collaborations are growing
? Propensity for services firms to employ collaboration strategies during the 1990s oManufacturing industry collaborations are declining

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