Portsmouth Business School
Business School wins grant to study management performance
Wed, 31 Aug 2011 15:33:00 BST
The Portsmouth Business School has beaten applications from 14 different countries to win a highly sought after research grant from the Chartered Institute of Management Accountants (CIMA).
Portsmouth Business School’s proposal was one of four that received funding. The grant will fund research on management performance that will help small and medium sized businesses in the UK improve performance management and communications with customers and suppliers.
Professor Lisa Jack, from the Department of Accounting and Finance, will investigate how performance management has evolved in the past two decades and will identify which organisations are now market leaders in this area.
The project will aim to identify best practices and how intermediary supply chain businesses, specifically in food chain businesses, negotiate the use of performance measurements in communications with customers and suppliers.
Professor Jack said: “21st century business is characterised by networks and supply chains. We need to understand better how accounting works in these business environments to benefit all stakeholders. Best practice in performance measurement takes into account risk, and the food industry in particular – in which we are all stakeholders – faces many growing commercial and other risks.”
The research will be carried out by Professor Jack from the University of Portsmouth and Drs Juan Manuel Ramon Jeronimo and Raquel Florez-Lopez from the Universidad Pablo Olavide in Seville, Spain.
It will be completed next year as part of the celebration for the 20th and 25th anniversaries of two seminal pieces of management accounting work, the Balanced Scorecard and Relevance Lost.
Naomi Smith, R&D Manager at CIMA said: “The last 20 years have seen corporate scandals, the dot-com bubble and the sub-prime debt crisis and these have shifted the role of management accountants from reporting and controlling through planning and analysis, to proactive performance management. It is our hope that this research will highlight best practice and lessons that can be used by companies in improving performance management.”
Local businesses interested in taking part in the study or wishing to be notified of the results please contact lisa.jack@port.ac.uk
CIMA funds cutting edge research at business schools around the world. The results and findings are published on their website. For further information visit: www.cimaglobal.com/thought-leadership.