Discuss recommended strategies and measures

Assignment Help Managerial Accounting
Reference no: EM13687511

QUESTION: Gap Analysis and Bench marking for Anthony's Orchard In the media piece for this unit, Anthony's Orchard Director of Operations Allison Sinclair expressed concern over the lack of successful efforts to measure organisational quality.

Recall the following quote from her discussion of this issue: As a family-owned business with a history of success, it is easy to fall into the trap of believing that we do things properly almost by default-the 'we've always done it this way' and 'if it ain't broke don't fix it' arguments.

The danger with that line of thinking is what if it is broken? What if the way we've always done things is good but ignores some best practices that could lead to even better performance? We are now at a point where we are ready to commit to a strategy of continuous improvement and quality management.

This is a big step forward for us. But taking the next step is not so easy. Developing and implementing a process is new to us and will require careful analysis. In short, we know where we would like to be but are unsure how best to get there. In this Individual Assignment, you will suggest an approach to address these concerns.

You will propose strategies the company could implement to move from its current status towards its goals for 2015 using the processes of gap analysis and bench marking. To prepare for this assignment: Review the media in the unit resources.

To complete this assignment:

1. Conduct a gap analysis for Anthony's Orchard. This should include: A statement of where the organisation wishes to be by 2015 (use financial data for this, such as targeted revenues and/or profit) A comparison of the current financial state of the organisation and the desired state by the end of fiscal year 2015 Your suggestion for ways the company can bridge the gap identified in your comparison above.

2. Devise a bench marking review for Anthony's Orchard. To do this, discuss recommended strategies and measures that will be useful to measure progress towards the objective in your gap analysis.

Reference no: EM13687511

Questions Cloud

How far from this wire is the magnetic field it produces : How far from this wire is the magnetic field it produces equal to the Earth's magnetic field, which is approximately 5.0×105T
Chinese investment in africa : Write a one page outline on "Chinese investment in Africa".
What is the magnitude of the magnetic field : If the electron follows a circular path with a radius of 17cm , what is the magnitude of the magnetic field
Find the components of the magnetic field : An electron moving with a speed of 4.7×105m/s in the positive x direction experiences zero magnetic force. Find the components of the magnetic field
Discuss recommended strategies and measures : Devise a bench marking review for Anthony's Orchard. To do this, discuss recommended strategies and measures that will be useful to measure progress towards the objective in your gap analysis.
What is its speed : An electron moves at right angles to a magnetic field of 0.18T. What is its speed if the force exerted on it is 9.1×1015 N
Find the current that flows through the battery : A circuit consists of a 12.0-V battery connected to three resistors (43 ohm, 18 ohm and 110 ohm) in series. Find the current that flows through the battery
What is the location of the first dark fringe on the wall : You are working with an electrical engineer who wants to send you messages with his microwave antenna. What is the location of the first "dark" fringe on the wall
Analyze the benefits and disadvantages of a more flexible : Analyze the benefits and disadvantages of a more flexible and participatory workplace. Apply your analysis to a white collar workplace with which you are familiar.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd