CMA Management

Copyright Society of Management Accountants of Canada

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from April 2004
Last Number: May 2009

Society of Management Accountants of Canada
ISSN 1207-5183

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Vol. 83 Nbr. 3, May 2009

How to Generate Returns When the Markets Won't Do It for You

Let's look at the facts, using the Dow Jones Industrial Average (DJIA) as the proxy for U.S. economic and market growth. From 1900-2008, the DJLA. averaged a return of 7.2 per cent per year. Not bad. But consider that this is an index return: it does not include dividends, fees, or taxes or reflect inflation - all of which are major factors on an investor's return experience. Also consider that most of us don't have the luxury of a century to invest, during which the law of averages can smoot...

Fostering Innovation in a Firm

Fostering innovation in a firm A book review of The Game-Changer by A.G LafLey and Ram Charan IA. G. Lafley and Ram Charan, The Game-Changer: How You Can Drive Profit Growth with Innovation, Crown Business, New York. 2008. Lafley is CEO at Procter and Gamble (P&G) and Charan is a well-known management consultant. Innovation was the tool used by Lafley to turn P&G around when he became CEO in 2000, after a lengthy career with the company. When I first glanced at The Game-Changer, I tho...