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.
Every organization seeks to increase efficiency and coordinate activity between individuals and units, but how can you know how your organization is doing on these fronts? What should your efficiency goals be, and how can you tell whether you are meeting them? And what are effective ways to increase cooperation among those who have conflicting interests and priorities?
In this course, you will be introduced to various methods that help you understand and improve the efficiency of repetitive processes using both qualitative and quantitative analysis. You'll then examine how to effectively develop a budget and discover how doing so can actually improve coordination within and between units in your organization. Specially designed spreadsheets and deliberation guides will give you hands-on practice with standard costing and budgeting to apply to your organization and beyond.
The following courses are required to be completed before taking this course:
- Improving Governance
- Improving Margins
- Improving Capacity Investment and Consumption
Key Course Takeaways
- Explore qualitative efficiency analysis as a tool to identify and address organizational areas needing improvement
- Perform quantitative efficiency analysis to identify process variability and boost performance
- Investigate budgetary tools and methods to improve coordination within your business
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