International Journal of Innovative Research and Development

Abstract

This paper investigates the need and development of Business Process Re-engineering from few years. Many organizations undertake Business Process Re-engineering (BPR) projects in order to improve efficiency and reduce costs. This approach can result in significant improvements and benefits.  In the past two decades, business process re-engineering (BPR) has been one of the most popular approach to improving the efficiency and the effectiveness of an organization. Business Process Re-engineering (BPR) has been receiving attention from industries as well as the academic community, because it is likely to change management practice and working processes in organizations in the future. Re-engineering is the fundamental rethinking and radical redesign of business processes to achieve to dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service and speed. Re – engineering is not about making marginal improvements or modifications but about achieving dramatic improvements in performance. There are three kinds of companies that undertake re-engineering in general.first are companies that find themselves in deep trouble. They have no choice. Second are companies that foresee themselves in trouble because of changing economic environment. Third are companies that are in the peak conditions. They see re-engineering as chance to further their lead over their competitors.

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Abstract

This paper explores the idea of management accounting gaining importance in the era of globalization. Globalization is an important trend that affects the world deeply in new millennium. It is seen that a new era starts and nations face huge changes in their social, economic and cultural ways. New concepts and values come into our lives and they carry new problems and perspectives for the nation in the process of globalization. Management Accounting is another important concept in global world. The business environment in world has changed rapidly over recent decades, and continues to change. Globalization has brought new technology and made the business environment in world open to greater competition. It has identified those changes in both external and internal organizational. Factors have influenced changes in management accounting practices in the organizations. When business organizations respond to challenges by embarking on a change management path, they are faced with the choices of which ones of the many management methods, techniques and systems would be most effective. This is important as the management accounting system plays an important role in providing useful information to management, especially in the decision making process.

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