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Webcentric organizations need to be managed. Whatever the organization is making and selling, however it is organized, whatever its culture, the employees' activities need a reliable supply of resources, most of which cost money.
finance/accounting/procurement - financials
Study:
CFOs Not Ready for E-Commerce
by Lori Enos
E-Commerce Times, July 26, 2000
Many companies are battling to redesign their finance functions and accounting methods. ... Many CFOs "doubt the ability of traditional metrics to evaluate key elements of operating in the new economy."
new products using networked and embedded computers
new services using networked and embedded computers
how the Internet is driving organizational change today in the context of how communications and productivity tools have driven organizational change for thousands of years
enlightened development of human resources and intellectual capital
policies
forecast
situations and cases
forecasting change and evaluating risk
options, models, and benchmarks
plans: strategies and techniques for integrating the Internet into every business process
eSources: business service providers
corporate portals:
New Math
for a New Economy
by Alan M. Webber
Fast Company, January 2000
What's wrong with the 500-year-old way in which all
companies keep their books? Just about everything, says Baruch Lev, who has
proposed a new method for determining the value of the intangible assets that
are at the heart of the new economy. ...
We are using a 500-year-old system to make decisions in a complex business
environment in which the essential assets that create value have fundamentally
changed.
The
Intangibles Research Project
NYU's Ross Institute of Accounting Research
During the agricultural and industrial eras, the main
sources of economic value creation were tangible assets such as land, minerals,
and factories. Knowledge (always essential) was not the key component of value
creation.
In the information era, the source of value of products such as computers,
cellular phones, pharmaceuticals, even branded consumer products, has shifted
from physical content to knowledge content. Corporate investment in intangibles,
such as R&D, franchise and brand development and human capital enhancement,
is growing at a substantially faster rate than tangible investment throughout
all developed economies. They may be the primary contributor to the earnings
power of an enterprise.
Intangible assets are present in every business enterprise, yet only tangible
assets and intangible assets purchased in an acquisition appear on the company's
balance sheet.
Accounting
Gets Radical
by Thomas A. Stewart
Fortune, April 16, 2001
The green-eyeshade gang isn't measuring what really matters
to investors. Some far-out thinkers plan to change that. ...
The Financial Accounting Standards Board, the profession's vestal virgins, says
that accounting's fundamental purpose is to "provide information that is
useful ... in making rational investment, credit, and similar decisions."
By that standard, it flunks.
We're not talking fraud here--we're talking irrelevance, with the result that
investors are in the dark and managers operate by guess and by gosh. At the very
least it reduces prosperity.
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