The Learning Curve: The Key to Future Management?

Learning curve models have many practical applications since they predict how long it will take to undertake future tasks. Management accountants must consequently take account of the impact of learning for planning, control and decision-making, says CIMA.

 

Key Findings:

  • Learning curve models are an important technique for predicting how long it will take to undertake future tasks. Management accountants must consequently take account of the impact of learning for planning, control and decision-making.
  • While very few respondents use the learning curve for management accounting, only a small minority of the survey respondents consider it to be inappropriate for their organisation.
  • Learning curve users make extensive use of this technique for management accounting.
  • The learning curve can be applied to a wide range of business sectors, including sectors not normally associated with its use. Almost half of learning curve users work in the service sector.
  • The key obstacle to implementation by non-users is a lack of understanding of learning curve theory. However, procedural and cultural barriers are also a major impediment to the introduction of techniques at some organisations.

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