Article Review: Managerial Performance, Cost-Cutting, and Accounting

This essay presents an accounting article review focusing on managerial performance in the context of cost-cutting and market competition. The article highlights the pressures managers face in balancing short-term profitability with long-term strategic goals. It discusses the importance of effective job analysis, resource allocation, and decision-making processes. The review also references various authors' perspectives on addressing managerial challenges, emphasizing a three-step model of analyzing, allocating, and deciding as a potentially favorable approach for achieving organizational objectives. The essay concludes by underscoring the significance of a smart investigation of work nature, time requirements, and appropriate personnel for optimal managerial effectiveness.

Running head: ACCOUNTING
Accounting
Name of the Student:
Name of the University:
Author Note:

1ACCOUNTING
Article Review
As stated in the article, nowadays managers are concern about the problems that they face in
managing the performance in the short run of their business. Mainly the managers put stress
on cost-cutting and profit maximisation. In the article, it was stated how efficiently a manager
could perform in a challenging situation. To resist in the market where a fierce competition
prevails is where a manager faces pressure and his decision is impacted. This would affect the
company`s future for even longer run. Misplaced in the given article stated that managers
should prepare a checklist procedure of job that is to be executed. This would help them to
identify the nature of work and one can decide the time as well the process of completing the
particular job in a practical way including maintaining its objective.
Further, in the article, several authors have provided specific recommendations for job
and principle of a manager as well as problems that are being faced. The events were not
concerned as per the normal distribution in social circumstances. Different authors have put
down their opinion to solve the problem. According to me the three-step model of analysing,
allocating and deciding is favourable to some extent for managers for attaining the objective.
In this model, managers need to smartly investigate the nature of work, the time required and
the right person for the job. The second step is about allocating the resources and at last
deciding the cost of the product that is inclusive of other factors that are associated with it
(Ellul et al., 2015).

2ACCOUNTING
Reference
Christ, K. L., & Burritt, R. L. (2015). Material flow cost accounting: a review and agenda for
future research. Journal of Cleaner Production, 108, 1378-1389.
Ellul, A., Jotikasthira, C., Lundblad, C. T., & Wang, Y. (2015). Is historical cost accounting a
panacea? Market stress, incentive distortions, and gains trading. The Journal of
Finance, 70(6), 2489-2538.
Managing for Business Effectiveness. (1963). Harvard Business Review. Retrieved 26
January 2019, from https://hbr.org/1963/05/managing-for-business-effectiveness