CMA Management articles from February 2007

CMA Management archives from February 2007

Vision and mission at work.(from the editor)
February 1, 2007... The need for a clear vision, mission and core strategy is widely recognized in both public and private organizations. Even in my local library, a vision, mission and value statement recently appeared, prominently displayed on a sign at the...

Open Business Models.(Open Business Models: How to Thrive in the New Innovation Landscape)(Brief article)(Book review)
February 1, 2007... In his book Open Innovation, Henry Chesbrough demonstrated that because useful knowledge is no longer concentrated in a few large organizations, business leaders have to adopt a new, "open" model of innovation. Using this model, companies look...

Science Business.
February 1, 2007... The biotechnology industry has fallen short of expectations for the last 20 years. Despite all of the sunny prognostications, the industry has continually lost money during that time. Nor has the R & D performance of these firms been much more...

The Disney Way.
February 1, 2007... CMA Canada national was recently cited in the latest edition of The Disney Way as a shining example of how an organization can build a culture of excellence through idea generation, strong two-way communication, outstanding management...

Fermin del Valle new IFAC president.(New and noteworthy information you can use)
February 1, 2007... Leaders of accountancy institutes worldwide met in Istanbul, Turkey on November 9-13 to participate in the International Federation of Accountants' (IFAC) Board and Council meetings. The reins of the organization were turned over to new IFAC...

IAESB requests comments on strategic plan.(New and noteworthy information you can use)
February 1, 2007... The International Accounting Education Standards Board (IAESB), an independent standard-setting board of the International Federation of Accountants (IFAC), is seeking comments from IFAC member bodies, regulators, accounting firms, employers,...

Ethics and compliance needs free hand: Conference Board.(New and noteworthy information you can use)
February 1, 2007... Chief ethics and compliance officers should ideally report directly to their company's chief executive officer and have unfettered access to their company's board of directors, according to a new Conference Board report. "Access to the...

U.S. election a signal for SOX change?(New and noteworthy information you can use)(Sarbanes-Oxley Act)
February 1, 2007... Reform of the Sarbanes-Oxley accounting mandates was a winning issue for Democratic and Republican candidates in the election of 2006, according to an analysis by the Competitive Enterprise Institute's Center for Entrepreneurship. ...

New software.(New and noteworthy information you can use)
February 1, 2007... Visit www.managementmag.com for more information on the following software and applications packages: * Adobe Announces Availability of Acrobat 8 * Qasper Organizer Software Suite

Strategy for capitalizing on citizenship, sustainability, elusive: U.S. study.(New and noteworthy information you can use)
February 1, 2007... A majority of companies concerned with corporate responsibility issues acknowledge that they lack an active strategy to develop new business opportunities arising from meeting these citizenship and sustainability needs, according to a report...

COSO for Smaller Public Companies: the answer to SOX compliance?(New and noteworthy information you can use)
February 1, 2007... Lord & Benoit announced on Oct 25, 2006, that it was one of the first SOX compliance firms to use COSO for Smaller Public Companies. Lord & Benoit is a national (U.S.) SOX compliance and research firm focused on affordable compliance for...

The office in your pocket: Flybook.(laptop)(Brief article)
February 1, 2007... As PCs become another commodity, innovative companies are trying to find ways to attract buyers, with adaptable and fanciful design. Add the Flybook to a list of players in this forum. Advertised as "a go-anywhere, do-everything computer," it...

Certifying internal control over financial reporting.(New and noteworthy information you can use)(Brief article)
February 1, 2007... Canadian public companies are now working to meet the requirements for CEOs and CFOs to certify the design of their internal control over financial reporting. Current Canadian Securities Administrators (CSA) rules require the certifications of...

Canadian P3s working but there's room for improvement.(New and noteworthy information you can use)
February 1, 2007... Leaders in the public-private partnerships (P3) community report that better managed deal flow and a standardized procurement process are vital if Canada is to develop a national, competitive and sustainable market for P3s, according to Issues...

Managing the high-performance nightmare: high-performing managers can torpedo team performance if not handled correctly. Are you managing your stars effectively?(human resources)
February 1, 2007... Overachieving executives are generally revered, honoured and compensated for delivering excellent results. Shareholders come to rely on year-over-year performance and profit improvements that are derived from continually driving sales up and...

Strength in research: the new CMA Canada Research Foundation is set to build upon the strong knowledge base of the organization's current resources, while creating an even more dynamic and agile offering.(management trends)(Certified Management Accountants)
February 1, 2007... The CMA Canada National Board of Directors approved the establishment of a CMA Canada Research Foundation as one of its major initiatives during 2006. In establishing the Research Foundation, it chose to establish a new entity with a separate...

Using Strategy Maps to drive performance.
February 1, 2007... The ability to take an organization's vision, mission and core strategies into daily operations continues to be more difficult than much of the current strategy literature would suggest. A new CMA-AICPA management accounting guideline sets out...

The information supply chain--changing the landscape: XBRL--eXtensible Business Reporting Language--is at the heart of a revolution taking place in the exchange of business information. Between the need for greater transparency, and a new enthusiasm for enhanced business reporting, its wider adoption will be noticeable very soon.
February 1, 2007... Technological advances have given businesses and government an opportunity to safely deliver, review and explore their business information from any location at any time. Internet availability can be found anywhere on the globe. In the...

Principled care: Lisa Brush, CMA, believes strong principles should sit at the core of a successful business. Making those central to operations makes the bottom line fall into place naturally. At Sunrise REIT, she's helping make this happen.
February 1, 2007... Balance is a word that we all bandy about, but rarely do many of us ever quite achieve it. In fact, as often as not, we give up the fight and compromise--sometimes probably more than we should. Work-life balance is usually the first to suffer,...

Microcredit--bolstering entrepreneurship: microcredit is big business not just internationally, but here in Canada as well.(government issues)
February 1, 2007... While it may stir immediate thoughts of hardscrabble living, the reality of microcredit is a far cry from the kind of hard-luck images conjured up by old songs like 'Brother, can you spare a dime?' In fact, microcredit is far from a 'micro'...