Since coming to the Johnson Graduate School of Management in 1991, Robert J. Bloomfield has used laboratory experiments to study financial markets and investor behavior. He has also published in all major business disciplines, including finance, accounting, marketing, organizational behavior, and operations research. Professor Bloomfield served as director of the Financial Accounting Standards Research Initiative (FASRI), an activity of the Financial Accounting Standards Board, and is an editor of a special issue of Journal of Accounting Research dedicated to Registered Reports of empirical research. Professor Bloomfield has recently taken on editorship of Journal of Financial Reporting, which is pioneering an innovative editorial process intended to broaden the range of research methods used in accounting, improve the quality of research execution, and encourage the honest reporting of findings.
How can you point people in the direction you want them to go? How can you best motivate them to continue in that direction? How can you prevent employees from gaming or tilting the accountability system to their advantage? How can you make sure they do what's right for society, not just for the organization?
In this course, you will distill progress toward organizational goals into a Balanced Scorecard and spell out strategies for keeping on track. First, you will explore one of the contentious topics in management: determining compensation. You will then ask the right questions to figure out if people are gaming or tilting the performance measurement system and identify strategies to limit the damage that can cause. Finally, you will evaluate accounting systems under a new assumption — that your client isn't a person, organization, or group of investors, but a society — and tackle the tricky moral issues raised by social accounting. Overall, by the end of this course, you will have honed valuable skills and perspectives to apply in your organization.
The following courses are required to be completed before taking this course:
- Improving Governance
- Improving Margins
- Improving Capacity Investment and Consumption
- Improving Coordination and Efficiency
Key Course Takeaways
- Create Balanced Scorecards to describe and visualize organizational goals
- Improve compensation and scoring structures to incentivize employees
- Address gaming and tilting of systems that track performance
- Improve social accounting to benefit a wider range of stakeholders
How It Works
Who Should Enroll
- Managers and leaders responsible for a business unit
- Managers and leaders seeking to improve organizational performance
- Individuals influencing the design of accountability systems