Markus B. Baum's Books

Service Business Costing

Cost Accounting Approach for the Service Industry

By: Markus B. Baum

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Service Business Costing

Cost Accounting Approach for the Service Industry

By: Markus B. Baum

Service firms have high overhead costs which are difficult to assign to individual services. To bring transparency to their value chain, they need costing approaches that help them find their own improvements. Markus B. Baum explores current theory and practice of value chain approaches and cost accounting to develop a costing approach with a suitable instrument for the allocation of fixed and overhead costs for a service firm. He describes the service business costing (SBC) approach. This hybrid-costing model has a hierarchical structure in terms of consolidation and allocates cost and revenues on the lowest hierarchical level possible to ensure that all costs and income are assigned to activities from which they originated.

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136

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Springer Science & Business Media

Published Date

ISBN 10

3834944440

ISBN 13

9783834944443

Comparison and Contrast of the Operations Strategy of Two 'Manufacturing Firms' with Two 'Service' Firms

By: Markus Baum

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Comparison and Contrast of the Operations Strategy of Two 'Manufacturing Firms' with Two 'Service' Firms

By: Markus Baum

Scientific Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, The University of Surrey (School of Management ), course: Production and Operations Management, language: English, abstract: INTRODUCTION: The purpose of this paper is to compare and contrast the operations strategy of two 'manufacturing firms' with two 'service' firms and to evaluate the order qualifying and order winning criteria. Operations strategy is one part of an enterprise's overall strategy (corporate strategy, business strategy and operational strategy) and defines the enterprise adjustment concerning "core competencies, capabilities and processes, technologies, resources and key tactical activities necessary in any supply network, in order to create and deliver products or services and the value demanded by a customer" (Lowson, 2001). CONCLUSION: The analysis of two manufacturing (Dell, Zara) and two service firms (Lufthansa, McDonalds) shows the correspondence between the theoretical approach of operations management and current practice. Each company has a whole enterprise strategy that includes the operations strategy. Each industry has different order qualifiers, but no company analyzed was able to be the best in all qualifiers, which supports the theoretical conclusion that fulfilling all objectives simultaneously, is impossible (Skinner, 1969). AUTHOR: Markus Baum is Group Finance Director at a management consulting (Germany) firm with focus on business strategy, supply chain management (SCM), manufacturing & logistics, sourcing & purchasing, marketing & sales, financial management and information technology (IT-strategy). The company has subsidiaries in Germany, Switzerland, Belgian, France, United Kingdom and Russia. Markus Baum earned a MBA with distinction from the University of Surrey (UK), is an international certified accountant, has and graduation in accounting & controlling and an apprenticeship as tax adviser assistant.

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GRIN Verlag

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ISBN 10

3656196362

ISBN 13

9783656196365

Strategic Management in a Global Context impact of the downturn

Examination and evaluation of the global impact of the downturn on the automotive industry and how the industries have reacted

By: Markus Baum

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Strategic Management in a Global Context impact of the downturn

Examination and evaluation of the global impact of the downturn on the automotive industry and how the industries have reacted

By: Markus Baum

Scientific Essay from the year 2010 in the subject Business economics - Business Management, Corporate Governance, The University of Surrey (School of Management ), language: English, abstract: ABSTRACT & CONCLUSION The current recession, arising from a real estate crisis in the US and followed by a global financial crisis, has affected industries differently around the world. The automotive industry decreased by 15% globally in production of cars and light commercial vehicles (VDA, 2009) as result of the downturn. Lot of companies were supported by the government directly or indirectly. Obsolete structure of the industry and high overcapacity are the main problems. The assessment in this paper examines and evaluates the global impact of the downturn on the automotive industry and how the industries have reacted. BMW, one of the ten largest car manufacturers worldwide, operates experienced a 10.4% loss in sales in relating to the previous year as result of the recession and decrease in demand in the automotive industry. The reaction to it was for example less investment in to R&D and redundancies. Almost all resources, capabilities and competitiveness of BMW were concerned. The extent to which the downturn affected those will be examined and evaluated in the second part of this paper. The most important future trends in the automotive industry will be “green technology” and “changing in customers demand”. Capacity optimization will be important to win the competition. BMW is recommended to penetrate the market with its successful products and to invest in R&D to follow and setting industry trends. The third part of this paper provides perspectives and recommendation for the industry and provides strategy recommendations for BMW. ABOUT THE AUTHOR Markus B. Baum, MBA Markus Baum is Group Finance Director at a management consulting firm with focus on business strategy, supply chain management (SCM), manufacturing & logistics, sourcing & purchasing, marketing & sales, financial management and information technology (IT-strategy). The company has subsidiaries in Germany, Switzerland, Belgian, France, United Kingdom and Russia. Markus Baum earned a MBA with distinction from the University of Surrey (UK), is an international certified accountant, has and graduation in accounting & controlling and an apprenticeship as tax adviser assistant. Markus Baum is a member of the International Controlling Association.

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GRIN Verlag

Published Date

ISBN 10

3656190348

ISBN 13

9783656190349

Strategic Negotiation in Business and Management

By: Markus Baum

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Strategic Negotiation in Business and Management

By: Markus Baum

Scientific Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, The University of Surrey (School of Management ), language: English, abstract: Examination and evaluation of a business negotiation and a negotiation in a private environment (case study) This assignment evaluates two negotiation cases. Please note the cases are theoretical nature, any resemblance to living persons and real actions are purely coincidental. The first case takes place in a private environment, the second in a business environment. The evaluation of each case is based on the four phases of negotiation and describes the preparation for, strategy during and process of the negotiation. The basic theory of negotiation to which the individual cases refer is described. Detailed aspects of the theories and approaches are given in the cases as appropriate.Do's and don'ts of behaviour in cross-border negotiations will be also discussed. ABOUT THE AUTHOR Markus Baum is Group Finance Director at a management consulting firm with focus on business strategy, supply chain management (SCM), manufacturing & logistics, sourcing & purchasing, marketing & sales, financial management and information technology (IT-strategy). The company has subsidiaries in Germany, Switzerland, Belgian, France, United Kingdom and Russia. Markus Baum earned a MBA with distinction from the University of Surrey (UK), is an international certified accountant, has and graduation in accounting & controlling and an apprenticeship as tax adviser assistant. Markus Baum is a member of the International Controlling Association.

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GRIN Verlag

Published Date

ISBN 10

3656193584

ISBN 13

9783656193586

Service Business Costing

Cost Accounting Approach for the Service Industry

By: Markus B. Baum

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Service Business Costing

Cost Accounting Approach for the Service Industry

By: Markus B. Baum

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

136

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3834944440

ISBN 13

9783834944443

Strategic Management in a Global Context impact of the downturn

Examination and evaluation of the global impact of the downturn on the automotive industry and how the industries have reacted

By: Markus Baum

Write a review Read reviews Take a Quiz Solve Book Puzzle

Strategic Management in a Global Context impact of the downturn

Examination and evaluation of the global impact of the downturn on the automotive industry and how the industries have reacted

By: Markus Baum

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

Publisher

GRIN Verlag

Published Date

ISBN 10

3656190348

ISBN 13

9783656190349

Book's by Markus B. Baum

Service Business Costing

Service Business Costing

Comparison and Contrast of the Operations Strategy of Two 'Manufacturing Firms' with Two 'Service' Firms

Comparison and Contrast of the Operations Strategy of Two 'Manufacturing Firms' with Two 'Service' Firms

Strategic Management in a Global Context impact of the downturn

Strategic Management in a Global Context impact of the downturn

Strategic Negotiation in Business and Management

Strategic Negotiation in Business and Management

Service Business Costing

Service Business Costing

Strategic Management in a Global Context impact of the downturn

Strategic Management in a Global Context impact of the downturn

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