Tuesday, November 08, 2005
Death Spiral Defined
Ok guys, finally I understood what I stand for. Here is the definition from the guru himself.
Continuously pricing out of market because of an increasing burden rate applied to product cost
That of course is the managerial accounting term and there certainly is a finance term called deathspiral that is on its way (but essentially meaning a disaster in both courses). He is going to be so proud there is a blogger in his very class calling "oneself" the disasterous "Death Spiral".
Life is beautiful. Today's case was very interesting in the managerial accounting class. I am enjoying the humor in this class.
Todays class in Leading Organizations (OB II) was about "Pay for Performance". Everyone in the class had something to say about it and the prof. had a blast with the participation. I chose to listen to views because this subject has (perhaps just like the rest of the class) bothered me all my life. Some French sensitivities were seriously offended when some stereotypes about workhours and laws came up. There was also a significant "national skew" on who thought a 'piecerate meritocracy' works or not. The asians were split while europeans were heavily against it and the americans were neutral. Expected one would think. It came as a big surprise for me.
Ok guys, finally I understood what I stand for. Here is the definition from the guru himself.
Continuously pricing out of market because of an increasing burden rate applied to product cost
That of course is the managerial accounting term and there certainly is a finance term called deathspiral that is on its way (but essentially meaning a disaster in both courses). He is going to be so proud there is a blogger in his very class calling "oneself" the disasterous "Death Spiral".
Life is beautiful. Today's case was very interesting in the managerial accounting class. I am enjoying the humor in this class.
Todays class in Leading Organizations (OB II) was about "Pay for Performance". Everyone in the class had something to say about it and the prof. had a blast with the participation. I chose to listen to views because this subject has (perhaps just like the rest of the class) bothered me all my life. Some French sensitivities were seriously offended when some stereotypes about workhours and laws came up. There was also a significant "national skew" on who thought a 'piecerate meritocracy' works or not. The asians were split while europeans were heavily against it and the americans were neutral. Expected one would think. It came as a big surprise for me.
