Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Cost Managerial
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Monday Oct 15 2012 Is Ron Johnson the wrong guy at the wrong time? This article suggests he is. My take is that Ron has nothing at stake in JCP,if it fails he does not, a dangerous combintaiton.
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Thursday October 11 2012 In the 1970s, A Japanese firm took over the Motorola Corporation (at that time they made TVs) and increased production while decreasing defects and errors, resulting in little to no rework. In 1981 a new CEO was named for Motorola, Bob Galvin, he challenged his company to improve on what they…
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Thursday October 11, 2012 There are four levels of probability. From the least likely they are Possible Plausible Probable Certianly True The trick in business is distinguishing between the middle two, the plausible and the probable. The certainly true and the just possible are usually fairly evident. Which brings me to the topic of the…
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Wed Oct 10 2012 Today Steve Ballmer announces that MSFT will capitalize on hardware and the mobile internet. This would be hilarious if anyone else like say Jon Stewart had made the announcement. MSFT has been playing catch up to Apple for years, or more exactly ever since Ballmer took over in 2000 and Apple's…
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Tuesday October 9 2012 Wendy's claims the fastest drive thru window. We will study standards in cost managerial later this semester. This is a branch of statisitcs referred to as queing theory. I understand that some fast foods are installing a second drive in window. And then there is Sonic where everyone has their own…
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Monday October 8 2012 Please share with accounting and finance students who will benefit from attending this outstanding event. It’s time to think differently and create your own opportunity for career success. In this age of social networking, there is nothing online that has yet to replace the importance of meeting people in…
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Friday Sept 21 2012 "In virtually every Hyundai building around the world," explains Krafcik, "you'll find a conference-room sign stating the company's philosophy in three words: Diligence, Frugality, Harmony. Hyundai Motto Read more: are studying Total Quality Management. One of the basic tenets is to put the customer first. Once in a while a company really…
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Tuesday Sept 18 2012 TAMUSA Students I received this from an IMA member in Dallas, thought you would be interested Dennis Elam Also, registration is now in process for the November 1-3 IMA Annual Student Leadership Conference in San Antonio. IMA’s Texas Regional Council and our chapters in Austin, Dallas Fort Worth, El Paso,…
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Weekend Sept 15 2012 We are studying Deming's TQM ideas and later we will study standards in cost managerial class. ISO standards are in independently confirmed rating that a company uses such standards as metrics in its process. How important is this. Well I noticed Fujifilm takes the rather seriously. Click to see how they proudly list…
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Monday Sept 10 2012 The IRA Risk Group examines Bank Stocks. In class today I mentioned that Citi and Bank of America were already trading at 2009 levels even with the market in recovery mode. Please read this article as we will be discussing it in class.
Professor Elam 