TITLE

Raising the Bar to World-Class Standards &ndash: and Beyond

AUTHOR(S)
Roth, Richard T.
PUB. DATE
July 1999
SOURCE
Financial Executive;Jul/Aug1999, Vol. 15 Issue 4, p43
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on metrics integral to world-class business organizations. It states that no organization could be rated world-class in every metric across the board and mentions that companies with world-class finance departments tend to generate tremendous value across the technology, processes, and people inherent in the mix. It comments that world-class organizations currently define the bottom edge of being a world-class organization through finance costs, and lower expenses while enhancing the value the department provides to the rest of the organization. It states that organizations are moving away from segmented, process-driven models and working with a more integrated electronic business paradigm.
ACCESSION #
11873193

 

Related Articles

  • Comparing programs can yield rewards. Fredriksen, Eugene // SC Magazine: For IT Security Professionals (15476693);Dec2012, Vol. 23 Issue 12, p16 

    The article focuses on information security and compliance benchmarking as a method that compares the performance of one security and compliance provider with other similar services. It suggests making personal contact with the peers and start a discussion around sharing non-competitive...

  • INTEGRATION OF LIFE CYCLE AS A BUSINESS APPROACH. Němeček, Petr; Kocmanová, Alena // Economics & Management;2007, p521 

    In her paper, the author analyzes the connection between the life cycle of products and services and life cycle management using tools that help reduce negative impacts of business activities on the environment, such as the quantitative and qualitative tools. From the holistic point of view,...

  • How Does Your Finance Department Measure Up to Your Peers? BLANCHARD, DAVE // Industry Week/IW;Jul2013, Vol. 262 Issue 7, p38 

    The article offers information on a benchmarking study that would offer metrics companies can use to measure their finance departments against similar organizations.

  • Benchmarks Show the Path to Better Performance -- and Funding. Parow, Jack // Fire Chief Exclusive Insight;1/ 1/2011, p13 

    In this article the author discusses on the process of benchmark and how it helps in achieving success in firefighting services. He states that Benchmarking is the process of comparing one's business processes and performance to best practices from other industries. He suggests fire departments...

  • best-in-class.  // Bloomsbury Business Library - Business & Management Dictionary;2007, p819 

    A definition of the term best-in-class is presented. It means leading a market or industrial sector in efficiency. A best-in-class organization exhibits exemplary best practice. The concept of best in class is closely allied with total quality management, and one tool that can help in achieving...

  • CLASSIC OPERATIONAL TOOLS TO REDUCE COSTS. McCormick, Tim // Accountancy Ireland;Jun2012, Vol. 44 Issue 3, p62 

    The article focuses on production and cost control techniques that accountants need to know about in order to participate effectively as members of a cross-functional team, measure project outcomes in terms of cost savings, and evaluate risk management practices. Topics include benchmarking,...

  • EVENT-TO-KNOWLEDGE. POTTER, FRANK // Strategic Finance;Jul2001, Vol. 83 Issue 1, p51 

    This article examines the event-to-knowledge cycle, a breakthrough metric for finance department efficiency and a part of the increasingly saugh-after virtual close. The author discusses the relevant steps to follow which include the implementation of just-in-time practices and a reallocation of...

  • Examination of Organizational Structural Capacity for Change in the Context of Litigated Reform. Alvarez, Ariel; Nayer, Gautam // Journal of Public Management & Social Policy;2015, Vol. 21 Issue 1, p1 

    Increasingly child advocates have become involved with persistent litigation in order to improve the performance of publicly administered state child welfare agencies. However, strategic plans for change are often implemented without sufficient attention given to assessing the level of and...

  • Blueprint for OH in the NHS. Silcox, Sarah // Occupational Health;Oct2011, Vol. 63 Issue 10, p19 

    The article discusses the British Department of Health's National Health Service (NHS) health and wellbeing improvement framework. Published in July 2011, the framework is designed to support trust boards and senior managers in building a targeted and proactive culture in the delivery of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics