Management Accounting in the New Economy:

Alnoor Bhimani

in Management Accounting in the Digital Economy

Published in print November 2003 | ISBN: 9780199260386
Published online August 2004 | e-ISBN: 9780191601231 | DOI:
 Management Accounting in the New Economy:

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This chapter examines the mindset of Internet entrepreneurs and the internal management control systems during the rise and fall of the new economy. A large number of firms that had no control systems failed. However, many that implemented traditional financial controls such as budgets and spending limits did not fare much better. This indicates that a holistic view of management is needed. A framework with ‘four levers of control’ to help managers steer their business is presented.

Keywords: management accounting; new economy; management control systems; organisational management

Chapter.  6874 words.  Illustrated.

Subjects: Financial Markets

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