The Decision Pyramid: A Management Concept

Article Abstract:

Business management is influenced by two factors. The amount and type of training will differ between managers, as will the business environment. The 'decision pyramid' concept of management is described. The decision pyramid incorporates a system of management communication that allows the concept to work. The various levels of the pyramid represent separate levels of authority, responsibility and management experience. An example of a decision pyramid graphically explains how the concept works.

Methods

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Decision Making, Management Science Techniques and the Corporate Controller

Article Abstract:

Quality information is necessary for making quality decisions. Three levels of decision making are examined: top (strategic planning), middle (management control), and lower (operations control). Management science techniques are applied to each level of decision making. Accounting provides the information base for the increasing amounts of information and new mathematical models. Accounting must provide accurate information quickly to the appropriate level of management.

Models

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LIFO Inventory Liquidation: A Key Planning Decision

Article Abstract:

A LIFO layer liquidation model is presented to help managerial decision-makers choose which alternative is best financially. Variables that can affect this decision are examined. The liquidation decision concerns inventory carrying costs and tax expense. The alternative which proves to be the least costly is chosen. This model is an effective form of evaluation, in that each cost factor can be analyzed in various settings.

Planning, Liquidation

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