Chandler, in his ‘Introduction’ to The Visible Hand (1977), argues that a new form of management was developed around 1850, combining a line-and-staff structure with processes of ‘administrative co-ordination’, and that this new form of management
Required:
1. Drawing initially on Chandler (1977) and Hoskin & Macve (1990), discuss what you see as the key features of (a) the structure and (b) the processes that make up the new form of management as described by Chandler. Pay attention in your discussion to the roles played within the new ‘staff’ function by accounting and accountants, and how these contribute to the new processes of ‘administrative coordination’.
2. Seal et al (2012: p10) argue that in recent decades there have been ‘important innovations in management accounting’. Critically evaluate one such management accounting ‘innovation’, and indicate in your answer how far this has (or has not) transformed the management of the ‘modern business enterprise’.
[We strongly recommend that you begin developing your answer by working (i) with the material provided in module lectures and seminars, and Seal et al (2012),pp 08-11, and (ii) with the references cited as footnotes 1-7 on those pages: the sources cited are namechecked in the Chapter Endnotes at Seal et al(20120 ,p20 and full details on each source will be draw on further relevant academic papers and/or research articles. List of resources: -Relevance Lost:the rise and fall of management acc. 1987, Johnson and Kaplan,
– The history of management acc.: relevance found in Issues in Management Accounting, 1995, Loft
-Managing it all by numbers: a review of Johnson&Kaplan’s ‘Relevance Lost’ 1990, 20(78) pp.153-66
– Management accounting: European Perspetives, (1996) Bhiman
