C5: January 18, 2017
Learning Objectives:
- Understand how the MCS must integrate with product life cycle
- Understand the complexities of creating, updating and refining the MCS with respect to the industry life cycle
- Develop an understanding of the critical link between strategy and management control systems
Class Preparation:
- Read & Prepare: Grand Jean Company (Anthony pages 181-184, on reserve in DLAM)
- Work in your group and evaluate the system Mr. Wicks has in place, from your group’s perspective. All groups will prepare independently.
- DELIVERABLE: Come to class with several slides (as a group) with your recommendations from the point of view based on your role below. Be sure your metrics are SMART (see below). Groups A – D will present to each other and groups E – H will present to each other.
- Manager of an old plant (Groups A,H)
- Manager of a new plant (Groups B,G)
- VP Marketing (Groups C,F)
- External consultant (Groups D,E)
- Read: Dollarama profits beat estimates
- From this article specifically, what metrics are use?
- Read: Dollarama ponders raising prices
- From this article specifically, identify several metrics that might be used if they implement the strategy change.
Reference:
- Chapter 4: Management Control Systems (Anthony) on reserve in DLAM Library.
- Search: Smart metrics
- Web: Product Life Cycle
- Web: Industry Life Cycle
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