I recently presented at an analytics conference where a speaker in one of the customer marketing tracks said something that stimulated my thinking. He said, “Just because something is shiny and new or is now the ‘in’ thing, it doesn’t mean it works for everyone.” His statement got me thinking about some of the new…
Watching the World Cup made me think of the upcoming American Football season, and I began pondering how this sport is similar to the way the CFO, CIO, and other executives work with their managers and employees who must improve an organization’s performance using analytics, Big Data, and integrated enterprise and corporate performance management (EPM/CPM)…
Are accountants being unethical or just irresponsible when they misallocate costs to products, service-lines, channels, and customers? Are they not adequately serving the needs of their managers and workforce when they report flawed and misleading information needed for insights and better decision making? Should we place shame on them or shame them? There is a difference.
Usually I am fairly rational
and do not let my personal emotions interfere with how I interact with others. However, as the readers of my blogs and articles may have detected, my more recent writings increasingly reflect my frustrations with old school accountants. I cannot disguise my irritation and annoyance with accountants who refuse to be progressive.
I was a two-year varsity football letterman playing a defense linebacker at Cornell University. I relate my experiences on the field to experiences on the job. The professional and college football championships will conclude with the number one team at the end of the season. That team will have demonstrated determination, perseverance, and grit to win. It is not much different with organizations striving to improve their performance. They have no “could’ve” or “should’ve” in their vocabulary; instead, they focus on “must have.”
Accountants are a strange breed. They love math and numbers. Many love the feeling of control. They start out young. Later in their career most experience a “coming of age” and shift from bean counters to bean growers.
We were all once young. We all experienced growing pains. This article is about the coming of age of accountants. Their maturing is an especially painful process.
What trends have developed over the past century for enterprise and corporate performance management methods and business analytics?
One way to find an answer is if we performed research using a Google database that was unveiled in 2011. It includes 5.2 million books published between 1500 and 2008. With this database, one can input search words and phrases and discover how frequently those different terms were used during different past time periods.
With this Google database, researchers have been learning about interesting and possibly relevant shifts in social values or cultures. For example, one study revealed that between 1960 and 2008 self-centered phrases about an individual increased while group-related communal phrases declined. That is, phrases like “I come first” increased as “community” and “common good” decreased.
I recently met a managerial consultant whose intentions were sincere, however his advice was surprising, but not totally surprising, to me. He mentioned to me that a company had inquired to him whether they should consider using activity-based costing (ABC). His next step was initially encouraging. He contacted the accounting departments of the inquiring company’s…
Although you’re now a grown up adult, you probably remember what your life was like when you were a child. I am referring to elementary school ages. We all can look back on what we were like then –somewhat naïve children. Imagine if you could go back in time and speak to yourself when you were that kid. What would you say to yourself? What advice would you give yourself knowing what you know now?
More specifically, what counsel or warnings would offer that would better prepare yourself to leverage analytics, big data and quantitative methods to help organizations improve their performance? More importantly, what would you say to yourself that would lead to a more fulfilling career and job prospects than you have now?
I do not have a crystal ball. I am often a skeptic. I wonder if analytics will stand the test of time. It is the shiny new toy now. Will it last?