Posts Tagged ‘Lean Enterprise Institute (LEI)’

Maharishi University of Management’s Ye Shi Named Lean Accounting Student of the Year

October 26, 2013

Maharishi University of Management PhD candidate, Ye Shi (Linlin), was awarded the 2013 Lean Enterprise Institute’s annual Excellence in Lean Accounting Student Award during their Lean Accounting Summit this month in Orlando, Florida. This award continues a pattern of recognition for MUM from LEI: Dr. Andrew Bargerstock was named Lean Accounting Professor of the Year in 2009, and Manjunath Rao was selected as Lean Accounting Student of the Year in 2011 for his PhD dissertation.

Tabitha Dubois (right), LEI's Director of Finance and Administration, gave the Lean Accounting Student Award to MUM’s Ye Shi, and the Lean Accounting Professor Award to WWU's Dr. Audrey Taylor.

Tabitha Dubois (right), LEI’s Director of Finance and Administration, gave the Lean Accounting Student Award to MUM’s Ye Shi, and the Lean Accounting Professor Award to WWU’s Dr. Audrey Taylor.

Fairfield, Iowa (PRWEB) October 25, 2013

By Ken Chawkin

Maharishi University of Management PhD candidate, Ye Shi (Linlin), was awarded the 2013 Lean Enterprise Institute’s annual Excellence in Lean Accounting Student Award during their Lean Accounting Summit this month in Orlando, Florida. The Lean Enterprise Institute (LEI) is a non-profit educational association, which recognizes students who have been actively engaged in research, education, and the development of Lean Accounting and accounting for Lean.

Andrew Bargerstock, PhD, CPA, director of MUM’s MBA programs, had nominated Linlin for this award based on her accomplishments in lean accounting. “We are very happy that Lin Lin’s accomplishments are recognized by one of the biggest names in Lean Accounting, James Huntzinger, in his role as the chair of the Student of the Year selection committee for Lean Enterprise Institute (LEI) and the Lean Accounting Summit.”

Jim Huntzinger

Jim Huntzinger, president and founder of Lean Frontiers

On September 23rd Jim Huntzinger, president and founder of Lean Frontiers, and author of Lean Cost Management: Accounting for Lean by Establishing Flow, notified Linlin of her selection as Lean Accounting Student of the Year. Huntzinger founded the Lean Accounting Summit in 2005, as well as produced many other Lean summits.

As to why she was selected, Jim Huntzinger said, “Linlin was recognized as LEI Lean Accounting Student for 2013 due to her commitment to help others understand and develop a deep understanding of the new paradigm in Lean Accounting. We hope that she will continue to deepen her knowledge of this area and encourage more students and faculty to join the Lean Accounting adventure, and utilize her PhD research to both deepen and further her understanding of lean accounting.”

This award continues a pattern of recognition for MUM from LEI. Dr. Andrew Bargerstock was named Lean Accounting Professor of the Year in 2009, and Manjunath Rao was selected as Lean Accounting Student of the Year in 2011 for his PhD dissertation.

Linlin completed both the MBA in Accounting (2011) and the Post-graduate Certificate in Lean Accounting (2012) at MUM. In September 2013 she began her second year of teaching three of the two-credit courses in the Lean Accounting Certificate program.

In collaboration with Dr. Bargerstock, Linlin has developed case studies to illustrate how to implement kaizen methodologies to improve accounts payable processing. Linlin is currently taking coursework in the PhD program at MUM and expects to begin her dissertation next year.

Linlin is passionate about Lean, which she says is “the great strategic thinking that leads to true sustainable development. Lean accounting is an advanced way of articulating business through present and real financial numbers compared to the historical and sometimes misleading numbers provided by traditional accounting.”

Linlin says Lean enables better communication and employee engagement, and greatly enhances leadership. She adds, “It’s also a great illustration of how to do less and accomplish more, which is a fundamental principle of our university’s educational approach, Consciousness-Based Education.”

Ye Shi (Linlin) with MUM Professor Andrew Bargerstock at the 2013 Lean Accounting Summit

Ye Shi (Linlin) with MUM Professor Andrew Bargerstock at 2013 Lean Accounting Summit

Linlin says she is thrilled and honored to be recognized as the Lean Accounting Student of the year. “I am grateful for the support from MUM, Lean Frontiers, LEI and IMA. I appreciate the guidance and support from Dr. Andrew Bargerstock and other mentors and friends. Without them, any personal development for me would not have been possible.”

The summit offered Linlin, and other participants, the opportunity to meet with elite academic lean professionals and business lean practitioners. “It’s thought provoking to hear the speakers from different fields articulating the Whys and Hows of lean accounting based on their empirical research and practical experience. To be able to talk to them face to face and exchange opinions during the open discussions was fantastic. Also, the Q&A session with the executive team from the renowned Institute and the rest of the speakers provided the practical solutions for any problems people may encounter during lean transformation. It was really exciting to learn the live examples and have the inspiring conversations.”

Included in Linlin’s award was a complimentary registration at the Summit and $500 towards her travel expenses.

Photos of LEI Award Winners are available at Tabitha Dubois (red dress), Director of Finance and Administration for LEI, gave the Excellence in Lean Accounting Student Award to MUM’s Ye Shi, and the Excellence in Lean Accounting Professor Award to Dr. Audrey Taylor, Professor of Accounting at Western Washington University.

Founded in 1971, Maharishi University of Management (MUM) offers Consciousness-Based℠ Education, a traditional academic curriculum enhanced with self-development programs like the Transcendental Meditation® technique. Students are encouraged to follow a more sustainable routine of study, socializing and rest without the typical college burnout. All aspects of campus life nourish the body and mind, including organic vegetarian meals served fresh daily. Located in Fairfield, Iowa, MUM is accredited by The Higher Learning Commission and offers bachelor’s, master’s, and doctoral degrees in the arts, sciences, humanities, and business. Visitors Weekends are held throughout the year. For more information, call the Admissions Office at 800-369-6480 or visit

Source: PRWeb: MUM’s Ye Shi Named LEI’s 2013 Lean Accounting Student of the Year

In an effort to encourage more faculty to attend the The Lean Accounting Summit, organizers interviewed Andy Bargerstock on Friday, October 18, 2013 in Orlando, FL. He was asked to share what he had learned from previous summits. Of all the interviewees, they selected Andy to go in their LEAF (Lean Education Advancement Foundation) newsletter. You can see both here: A Special Letter to Lean Accounting Summit Participants from the LEAF Board of Directors.

Also posted on AndyB’s Blog: MUM’s Ye Shi Named LEI’s 2013 Lean Accounting Student of the Year

See MUM MBA Students Win at CAPSIM: The Role of Business Simulation Competitions in Higher Education.

See: Maharishi University’s Rao and Bargerstock published in Management Accounting Quarterly.

See Maharishi University MBA Students Win National Business Simulation Competition.

Maharishi University’s Rao and Bargerstock published in Management Accounting Quarterly

January 15, 2012

Rao and Bargerstock published in Management Accounting Quarterly

Rao and Bargerstock

Manjunath Rao, a Ph.D. candidate at Maharishi University of Management, and his doctoral thesis advisor, Associate Professor, Andrew Bargerstock,  had a paper published in the Fall 2011 issue of Management Accounting Quarterly, the refereed online journal of the Institute for Management Accountants (IMA).

Rao noticed an apparent disconnect with companies not walking their talk. It seems the more mature lean manufacturing plants are still using the older standard costing methods. The paper, Exploring the Role of Standard Costing in Lean Manufacturing Enterprises: A Structuration Theory Approach, was posted online the first week of the year, and presents the theory and research plan for his dissertation. It will address why a majority of manufacturers continue to use traditional standard cost accounting even as they adopt lean manufacturing.

Rao will attempt to understand the nature of this discrepancy, and demonstrate the need for change, for companies to become more current in the way they do business. The system of Lean Management focuses on adding value to customers while streamlining operations and eliminating waste. It grew out of management principles used by the remarkably successful Toyota Motor Corporation.

Mr. Rao said he is very pleased with all of the support the IMA has given him for this research. “The IMA helped me in collecting data for my research by sending out the survey questionnaire to their members, and last June they invited me to participate in their 92nd Annual Conference at Orlando, Florida.”

Lean Accounting Award from the Lean Enterprise Institute Goes to an Accounting Professor and 2 Ph.D. Candidates

Winners of the LEI Excellence in Lean Accounting Award

In September, 2011, Rao was recognized nationally as one of two Ph.D. students who were awarded the Lean Accounting Student of the Year. An accounting professor and two doctoral candidates received 2011 Excellence in Lean Accounting Awards, sponsored by the nonprofit Lean Enterprise Institute (LEI) at the seventh annual Lean Accounting Summit in Orlando, Florida.

And last month, Rao received a $4,000 research grant from the IMA’s Research Foundation’s Doctoral Student Grant Program. The Program is designed to assist accounting doctoral students who are pursuing research that has the potential to contribute to the management accounting profession.

Accounting Methods: Lean vs. SCVA

According to Lean accounting theory published in numerous books and articles, mature lean manufacturing companies are expected to eliminate the use of standard costing and variance analysis (SCVA). However, field reports suggest that many companies continue to retain SCVA even after they have successfully implemented an effective system of work cell metrics.

SCVA is taught worldwide as the traditional method for controlling costs in manufacturing operations by averaging input costs and quantities over the entire production process. It involves setting quantitative average cost and quantity targets for key categories of inputs: material, labor and overhead. Reports are typically generated each month that summarize and compare actual costs to standard costs. Differences (variances) are investigated to determine root causes of unexpected results.

By contrast, in a lean manufacturing company, work cell teams (typically 6-10 people who perform a few sequential tasks) develop the relevant data they need to control quality and costs in real time (as compared to monthly reports with SCVA). From the perspective of Lean Management, work cell metrics are clearly superior to SCVA reports. Mature lean companies are therefore expected to eliminate the more outdated method of reporting.

Surprisingly, there has been no significant research study that has tested the lean accounting theory that mature manufacturers will eliminate SCVA. Rao’s research will gather such information via survey and he will also collect data to understand why companies are retaining SCVA.

Structuration Theory and Vedic Science

Rao utilized GiddensStructuration Theory, a general social theory model, to test the relevancy and completeness of questions on his survey. In his dissertation, Rao will show how Giddens’ theory mirrors Maharishi’s consciousness-based Samhita concept that explains the relationships among the knower, the known, and process of knowing.

“For a long time there was a debate in Western Sociological Sciences regarding Objective versus Subjective approach to knowledge,” explains Rao. “Giddens adopted a reconciliatory approach by stating that objective and subjective approaches are two sides of the same coin. He formulated the structuration theory wherein he introduced three concepts: Structure (object), Agency (subject), and Systems (wherein duality of structure and agency interact).”

According to Rao, “This three-concept model clearly overlaps with the Samhita model where Maharishi speaks of the same three concepts using the language of Vedic Science: Chandas (object), Rishi (subject), and Devata (process or Systems).”

Giddens also emphasizes the interaction of these concepts in three dimensions: Domination, Signification and Legitimation, which Rao says also mirror other concepts in Maharishi’s Vedic Science, the three gunas, or  fundamental operating principles found in nature (Prakriti) and their doshic counterparts, qualities known as Rajas (Pitta=Domination), Sattva (Vata=Signification) and Tamas (Kapha=Legitimation). If any one of these goes out of balance, problems occur.

To summarize Giddens, the Agency Dominates, through a System, which Signifies, and creates a Structure, which becomes Legitimate. This locks others into the existing interpretation of Reality. People get stuck, and there is no room to change to another way of looking at the world, managing or accounting more effectively on the work being done.

It is human nature to resist change, and that includes companies. A quote from Arthur Schopenhauer (1788-1860) on recognizing truth, accepting a different worldview, a different paradigm, seems very relevant here: All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

Research from a Consciousness-Based Education Framework

Rao credits M.U.M. founder, Maharishi Mahesh Yogi, for his “Samhita” concept, the togetherness of three basic elements, Rishi, Devata, and Chandas, or Knower, Knowing, and Known, a unique feature of Maharishi University of Management’s Consciousness-Based Education, which, Rao says, made it easier for him to understand difficult material.  “I was able to grasp the wholeness of the problem without getting lost in the details. It has helped me see the forest without getting lost in counting the trees.”

According to Dr. Bargerstock, Rao’s dissertation adviser, “Manjunath’s research has garnered significant attention by experts in the field of lean accounting.  In June 2011, the IMA invited Manjunath to give a poster presentation of his research plan at their annual conference in Orlando, Florida.  In September, 2011, he was named as one of two Ph.D. students nationally who were recognized as Lean Accounting Students of the Year at the Lean Accounting Summit in Orlando, FL.  In December, Manjunath received a research grant award of $4,000 from the IMA.  And now, he is recognized again by the IMA with the publication of this article.  We are very pleased with the progress of Manjunath’s dissertation.”

This is Mr. Rao’s first published article. “I am really thrilled to have my article published even while working on my Ph.D. dissertation.”  He says, “This has made it easier for me to establish relevance for my research in addressing issues currently faced by the management accounting profession.”

Manjunath Rao is a Certified Cost and Works Accountant from India (Grad “CWA), a Certified Management Accountant (CMA), with MBA and Masters in Accountancy (MSA) degrees from the US. He hopes to complete his Ph.D. in Management by June of this year.

Source: Rao and Bargerstock Article Published in Management Accounting Quarterly.

Reported in Iowa Association of Independent Colleges and Universities: MUM Student Receives National Management Accounting Grant, and in MUM’s Achievements and The Review.

Related articles: Maharishi University MBA Students Win National Business Simulation Competition and Iowa and Nepal Rotary Clubs Provide Well for City in Nepal.

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