Professor Janek Ratnatunga is the CEO of the Institute of Certified Management Accountants and asks the question…. He has held senior appointments at the University of South Australia, Monash University, University of Melbourne, and the Australian National University in Australia; and the Universities of Washington, Richmond and Rhode Island in the USA. Prior to his academic career he worked as a chartered accountant with KPMG. He has also been a consultant to many large Australian and international companies and to the World Bank.
Cost-benefit analyses that compare quality-cost relationships, profits, and market share with the risks of failure may be at the heart of decisions to prematurely launch products that are known to be faulty, according to Professor Janek Ratnatunga, CEO of the Institute of Certified Management Accountants (ICMA).
Professor Ratnatunga believes it is time to consider the management accounting implications, “when the faults of some of these products are so great that corporations are actually launching glorified killing machines.”
As we muddle through the week with the Australia Day long weekend in sight, we take a look at some of the country’s movers and shakers representing the country on the global stage.
On the dazzling mirror faceted red-carpet installation we got insight into the action with official Red Carpet sponsor, Swarovski Australia. Continue reading ARIA Awards Red Carpet with Swarovski
Australia is one of the first in the world to toast in the new year. More than a billion people globally tune in to the LIVE broadcast of our world class pyrotechnic shows. The City of Sydney is brought to a standstill in a spectacle of daytime aerial shows, a parade of harbour lights, finally culminating in a multimillion dollar sky flaring art display that is powered by over 8 tonnes of fireworks. Continue reading Top 10 Sydney NYE Destinations
As Australia’s most popular barista-made coffee, McCafe is one of the nation’s most successful home-grown inventions. Evolving from its launch in 1993 in Australia’s coffee capital – Melbourne – to now being available in countries right around the world such as Italy, Japan and the United States. As McCafe marks its silver anniversary, it has unveiled the McCafe Silver Roast Report, lifting the lid on Aussies’ caffeine habits.