Profit Beyond Measure

Author : Anders Broms,H. Thomas Johnson
Publisher : Simon and Schuster
Page : 273 pages
File Size : 45,9 Mb
Release : 2001-05-29
Category : Business & Economics
ISBN : 9780743213196

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Profit Beyond Measure by Anders Broms,H. Thomas Johnson Pdf

Waste has plagued almost every industrial-age firm for the past century. In this powerfully argued alternative to conventional cost management thinking, experts H. Thomas Johnson and Anders Bröms assert that any company can avoid the waste that is generated through excessive operating costs in the short run and excessive losses from market instability in the long run. To gain more secure levels of profitability, management must simply change how it thinks about work and how it organizes work. Profit Beyond Measure details how two extremely profitable manufacturers, Toyota and the Swedish truck maker Scania, have rejected the traditional mechanistic mindset of managing by results that generates waste. Johnson and Bröms explain how Toyota and Scania achieve their legendary cost advantage through a revolutionary concept they call managing by means (MBM). Instead of being driven to meet preconceived accounting targets, the production systems of Toyota and Scania are governed by the three precepts that guide all living systems: self-organization, interdependence, and diversity. Amid a wealth of new insights into Toyota's vaunted system, Johnson and Bröms introduce the tools of MBM to show how design, production, and profitability analysis are done to customer order. They demonstrate that by following the principles that emulate life systems, even a lean and profitable company can organize work to greatly lessen its long-term earnings instability and sharply reduce its short-run operating costs. Scania has achieved sixty-five years of financial stability and longevity in the face of fierce competition. Toyota has amassed a market value since 1988 that has rivaled -- or sometimes surpassed -- the American "Big Three" automakers combined. The principles that Johnson and Bröms set forth in Profit Beyond Measure can guarantee the same richer, longer life to any company that applies them.

Author : James R. Huntzinger
Publisher : J. Ross Publishing
Page : 352 pages
File Size : 40,5 Mb
Release : 2007-05-15
Category : Business & Economics
ISBN : 1932159517

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Lean Cost Management by James R. Huntzinger Pdf

This practical and informative text demonstrates the importance of the relationship between a physically lean enterprise and accounting. It argues that to have continued success in an increasingly competitive marketplace, businesses must streamline both their physical operations and accounting methods.

Author : Reginald Tomas Lee
Publisher : Business Expert Press
Page : 550 pages
File Size : 51,9 Mb
Release : 2022-08-08
Category : Business & Economics
ISBN : 9781637424230

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Operations and Cash Management Series by Reginald Tomas Lee Pdf

Now you can own all of Reginald's books in one convenient set! Lies, Damned Lies, and Cost Accounting Business leaders rely on accounting data such as profit and calculated costs as a guide to whether they are making money. Should they? Accounting was designed to report financial performance not model cash flow. Accruals can disconnect cash flow from the timing and extent to which it occurs. Statements of cash flow do not provide insight into what was bought and how efficiently it was used. Costs and profits are not absolute, they change based on the model you use to calculate them. To manage cash, you must manage what you buy and how effectively you use it. The largest expenditure for most companies is capacity; space, labor, materials, equipment, and technology. Unless you model and manage capacity effectively, you will not achieve the cash flow results you seek. This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both. After reading it, you be able to see, understand, and manage cash flow as never before. Strategic Cost Transformation Your product costs $2.86 to make. What does the number tell you about your operations, how effectively they were run, demand, or how much money you spent on capacity? Nothing. Shouldn’t you know? Accounting information creates a limited picture of operations and true cash performance. Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making. Project Profitability Consultants and internal project teams often make substantial claims about the savings opportunities resulting from their projects. Most of the time, these claims do not come true. Project Profitability explains why these opportunities are not realized and offers a framework that will guarantee your teams identify projects that align with your strategy, calculate cash savings appropriately, and realize these cash savings upon implementation. Customers of consulting organizations can use this book to keep their consultants honest when savings are promised. Consulting organizations can use this book to help document the value their solutions bring, how much of that value can be realized, and what’s necessary to achieve it. If you are a consultant, you do not want to risk having your customer know the content of this book and challenge the value promise!

Author : Elaine B. Johnson
Publisher : R&L Education
Page : 158 pages
File Size : 55,8 Mb
Release : 2003-11-19
Category : Education
ISBN : 9781461663515

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The Dismantling of Public Education and How to Stop It by Elaine B. Johnson Pdf

Here, Elaine Johnson examines of the state of education in the twenty-first century using science, rather than business as a more reliable and positive guide for education. The application of scientific principles of interrelatedness, self-organization, and differentiation to leadership and teaching, transforms schools into places that improve school performance. Chapters describe practical approaches to teaching math, science and foreign languages. This book analyzes the influence on education of the business model calling for growth, competition, measurable target, and accountability. It also discusses the effects on young people of immense high schools, charter schools, and statewide standardized achievement tests.

Author : Margaret Heffernan
Publisher : Simon and Schuster
Page : 128 pages
File Size : 43,6 Mb
Release : 2015-05-05
Category : Business & Economics
ISBN : 9781476784908

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Beyond Measure by Margaret Heffernan Pdf

Foundational introduction to the concept that organizations create major impacts by making small changes.

Author : Dayton Public Library and Museum
Publisher : Unknown
Page : 38 pages
File Size : 45,5 Mb
Release : 1896
Category : Electronic
ISBN : OSU:32435019082403

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Report of Dayton Public Library and Museum by Dayton Public Library and Museum Pdf

Author : Dayton and Montgomery County Public Library
Publisher : Unknown
Page : 310 pages
File Size : 43,8 Mb
Release : 1891
Category : Electronic
ISBN : UIUC:30112033487031

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Annual Report by Dayton and Montgomery County Public Library Pdf

Author : Anonim
Publisher : Unknown
Page : 508 pages
File Size : 41,9 Mb
Release : 2010
Category : Business planning
ISBN : CORNELL:31924107859641

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Strategy & Business by Anonim Pdf

Author : Pennsylvania
Publisher : Unknown
Page : 1076 pages
File Size : 42,9 Mb
Release : 1878
Category : Pennsylvania
ISBN : CHI:78119358

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Legislative Documents, Comprising the Department and Other Reports Made to the Senate and House of Representatives of Pennsylvania During the Session of ... by Pennsylvania Pdf

Author : Pennsylvania. General Assembly. Committee Appointed to Investigate the Railroad Riots in July, 1877
Publisher : Unknown
Page : 1018 pages
File Size : 48,8 Mb
Release : 1878
Category : Labor discipline
ISBN : UCAL:$B570734

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Report of the Committee Appointed to Investigate the Railroad Riots in July, 1877 by Pennsylvania. General Assembly. Committee Appointed to Investigate the Railroad Riots in July, 1877 Pdf

Author : Chris Bradley,Martin Hirt,Sven Smit
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 54,6 Mb
Release : 2018-02-06
Category : Business & Economics
ISBN : 9781119487623

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Strategy Beyond the Hockey Stick by Chris Bradley,Martin Hirt,Sven Smit Pdf

Beat the odds with a bold strategy from McKinsey & Company "Every once in a while, a genuinely fresh approach to business strategy appears" —legendary business professor Richard Rumelt, UCLA McKinsey & Company's newest, most definitive, and most irreverent book on strategy—which thousands of executives are already using—is a must-read for all C-suite executives looking to create winning corporate strategies. Strategy Beyond the Hockey Stick is spearheading an empirical revolution in the field of strategy. Based on an extensive analysis of the key factors that drove the long-term performance of thousands of global companies, the book offers a ground-breaking formula that enables you to objectively assess your strategy's real odds of future success. "This book is fundamental. The principles laid out here, with compelling data, are a great way around the social pitfalls in strategy development." —Frans Van Houten, CEO, Royal Philips N.V. The authors have discovered that over a 10-year period, just 1 in 12 companies manage to jump from the middle tier of corporate performance—where 60% of companies reside, making very little economic profit—to the top quintile where 90% of global economic profit is made. This movement does not happen by magic—it depends on your company's current position, the trends it faces, and the big moves you make to give it the strongest chance of vaulting over the competition. This is not another strategy framework. Rather, Strategy Beyond the Hockey Stick shows, through empirical analysis and the experiences of dozens of companies that have successfully made multiple big moves, that to dramatically improve performance, you have to overcome incrementalism and corporate inertia. "A different kind of book—I couldn't put it down. Inspiring new insights on the facts of what it takes to move a company's performance, combined with practical advice on how to deal with real-life dynamics in management teams." —Jane Fraser, CEO, Citigroup Latin America

Author : Anonim
Publisher : Unknown
Page : 762 pages
File Size : 47,5 Mb
Release : 2001
Category : Electronic journals
ISBN : NWU:35556032890550

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The Director by Anonim Pdf

Author : Frank H. Knight
Publisher : Cosimo, Inc.
Page : 401 pages
File Size : 50,7 Mb
Release : 2006-11-01
Category : Business & Economics
ISBN : 9781602060050

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Risk, Uncertainty and Profit by Frank H. Knight Pdf

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Author : David A. Holland,Bryant A. Matthews
Publisher : John Wiley & Sons
Page : 392 pages
File Size : 54,9 Mb
Release : 2017-12-04
Category : Business & Economics
ISBN : 9781119440529

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Beyond Earnings by David A. Holland,Bryant A. Matthews Pdf

Beyond Earnings is targeted at investors, financial professionals, and students who want to improve their ability to analyze financial statements, forecast cash flows, and ultimately value a company. The authors demonstrate that reported earnings are easily gamed by accounting shenanigans and reveal how commonly used profitability measures such as return on equity can be misleading. Because earnings and P/E ratios are too unreliable for valuation, this book takes you beyond earnings and shows you how to apply the HOLT CFROI and Economic Profit framework in a step-by-step manner. A better measure of profitability results in improved capital allocation decisions and fundamental valuations. This ground-breaking book offers the first practical in-depth discussion of how profitability and growth fade, and shows how to put this information to work right away. The authors introduce their trailblazing Fundamental Pricing Model which includes fade as an adjustable value driver and can be used to value the impact of business model disruption. As the authors explain, the key to superior stock picking is understanding the expectations embedded in a stock’s price and having a clear view of whether the company can beat those expectations. The HOLT framework has been rigorously field tested for over 40 years by global investment professionals to help them make better stock picks and by corporate managers to understand the expectations embedded in their stock price. Beyond Earnings is an indispensable guide for investors who want to improve their odds of outperforming the competition.

Author : Edgar O. Edwards,Professor Edgar O Edwards,Philip W. Bell
Publisher : Univ of California Press
Page : 352 pages
File Size : 40,9 Mb
Release : 1961-01-01
Category : Social Science
ISBN : 0520003764

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The Theory and Measurement of Business Income by Edgar O. Edwards,Professor Edgar O Edwards,Philip W. Bell Pdf

"This is a well-written book; the complex ideas are clearly expressed and the arguments well stated. There is some apparent rediscovery (and renaming) of old ideas, but the process is made palatable and worthwhi le by the crispness of the discussion and the un wavering penetration to the root of each issue as it arises. Most difficult problems in the social sciences, the authors note, have no definitive solutions, but simply outcomes. This book deserves a niche among the classic works in the business income literature as a significant milestone on the road to whatever outcome the future holds." --The Journal of Business "Professors Edwards and Bell give us a most satisfying study of different concepts of business income. It is rare to find authors so much at home in both economics and accounting. As they themselves suggest, time may show that their programme needs amendment; but they state the problem clearly and provide an excellent starting point. In passing, they give help on many other questions--when to replace plant, how to measure depreciation, which rate of compound interest to use in budgets, and so on. Beyond doubt their book is the most wise and original contribution to accounting theory since Professor Bonbright wrote 'The Valuation of Property' a quarter of a century ago." --The Economist