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The Pioneer Company Accounting case study

    This Assignment is designed to give you an opportunity to demonstrate:
    ∙ the application of management accounting concepts and frameworks to identify and
    solve complex organisational problems creatively and practically to increase the
    effectiveness of management decision making that provides solutions to real world
    problems (Learning Objective 2);
    ∙ the application and use of management accounting concepts, with other evidence, to
    provide solutions to real world problems (Learning Objective 4).
    The Pioneer Company is in the construction and engineering business. The accountant
    of the company has approached you to provide advice on the development of a Balanced
    Scorecard that will assist in the evaluation of the company’s performance.
    For the purposes of designing this Balanced Scorecard, you interviewed managers from
    many of the company’s current and potential customers. You found that some customers
    were highly price­sensitive and wanted to continue business as usual. These customers
    developed internally all the specifications for their bids, put the detailed bidding document
    out to tender, and chose, from among all qualified suppliers the one submitting the lowest
    bid. As one price­sensitive customer said during an interview:
    We don’t have the resources of time for doing anything fancy with our suppliers. Our
    business has become ruthlessly competitive, with price and margin reductions in recent
    years, and the need for us to cut costs wherever we can. We can’t afford to choose
    anyone but the lowest­price supplier.
    Historically, Pioneer Company competed by attempting to be the selected low­price
    bidder for price­sensitive customers.
    Your interviews also revealed that several large and important customers were looking for
    more than low price from their most valued supplier of construction services. They said:
    We have to cut costs wherever we can. But we are looking to our suppliers to help us in
    this goal. If it’s cheaper and more effective for them to take over some of our engineering
    functions, we should let them do that, and reduce our internal engineering staff
    accordingly. We don’t have any special capabilities in engineering. We want suppliers
    that can suggest new ways of doing business, and who can develop improved
    technologies for this new task. Our best suppliers of engineering and construction
    services will anticipate our needs and suggest creative ways to meet these needs through
    new technologies, new project management approaches, and new financing methods.
    These companies acknowledged that rapidly changing technology and an increasingly
    competitive marketplace for their final products had motivated them to look to their
    suppliers for innovative ways to lower their costs. Although price would still be a factor, a
    supplier’s ability to offer innovative and more cost­effective approaches would still be a
    strong influence on suppler selection. You refer to these companies as those wanting
    differentiated services.
    As part of your information gathering you also had the opportunity to discuss methods of
    performance evaluation this with the CEO of Pioneer Company. You note the following
    comment made by the CEO:
    “As managers we need to be wary of the fad­like innovations proposed by accountants.
    We know if our company is in control if we earn at least the required rate of return on our
    assets. At the end of the day the numbers don’t lie.”
    You are required to provide written a report to the accountant of Pioneer Company.
    Your advice should include the following:
    1. Respond to the CEO by explaining how the Balanced Scorecard can serve a useful
    purpose in assisting Pioneer Company in assessing progress towards its objectives.
    2. Design a Balanced Scorecard for Pioneer Company and consider the following:
    (a) Using the information that you have gleaned from the interviews, suggest two
    possible strategies that could be employed by Pioneer Company. For each strategy,
    develop between two and four measures for each dimension of the Balanced Scorecard,
    explaining how these measures support each strategy.
    (b) Explain how the Customer and Internal Business Process perspectives of Pioneer
    Company’s Balanced Scorecard might differ, depending on whether the company
    selected the price­sensitive or differentiated services customer types as the target for its
    future strategy. Be specific about how the measures would differ depending upon which
    strategy Pioneer Company followed.
    (c) Suggest potential new internal business processes that Pioneer Company would
    have to perform very well if it wanted to meet the expectations of its customers wanting
    differentiated services?
    General Requirements:
    1. A report style assignment is required. Choose a report structure, with the use of
    appropriate headings you deem to be of a professional standard. There is no prescribed
    2. Full referencing is required in accordance with the Harvard
    Referencing style.
    3. There is no specified word length for this assignment. However, be as concise and
    efficient in your writing as possible. You should not need any more than four to five 1.5
    spaced A4 pages (12 point font) to answer this question.
    4. You should note that the assignment is based on Topic 4.
    5. Assignment extensions will be granted if needed due to medical or personal
    reasons. Generally extensions will be granted for one week. If an extension of more than
    two weeks is required then a different assignment will be given. This is because marked
    assignments and solutions cannot be released until all assignments have been received.
    It is unfair on other students to delay the return of their marked assignments unduly.
    6. The assignment is to be submitted electronically. Details on how to submit the
    assignment will be provided at a later date. File types allowed include doc and docx. Only
    one file will be accepted. If more than one file is uploaded, only first file listed will be


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