From the Inside Flap
Focusing on practical, dynamic solutions for weaknesses in the interdependent parts of an organization, Management Dynamics provides a comprehensive introduction to the Theory of Constraints (TOC) in profit-oriented organizations, complete with the crucial but oft-missing pieces of the constraint theorya fully integrated and supporting accounting system and the dynamic motivator to drive ongoing improvement in the bottom line.
Management Dynamics facilitates a smooth integration of covered material with an organizations existing practices by building on existing constraint management approaches. It identifies the problems that arise from a lack of global goal congruence and demonstrates how to use a fair incentive compensation plan to align the goals of all functional areas and organizational levels with the shareholders goal of greater profitability.
Weaving each aspect of implementation to reflect the global goal of an organization, Management Dynamics features materials on:
- Budgetary control
- Simplified critical chain
- New ways to use sales funnels in the management tool kit
- Incentive compensation
Complete with hundreds of informative illustrations and tables, Management Dynamics is an enlightening and useful guide for controllers, cost managers, and an organizations executive management and owners.
From the Back Cover
Melvin J. Anderson, PhD, Professor of Management
Embry-Riddle Aeronautical University
"We have been missing a vital piece from constraints management: how to communicate the critical importance of the Archimedean constraints to finance. Constraints accounting finally provides the means to do this through the constraints accounting earnings statement, performance profit, and a new strategy for product pricing, thereby ensuring goal congruence and a robust process of substantial and ongoing improvement."
Kelvyn Youngman, PhD, TOC practitioner
New Zealand and Japan
"This bold and scholarly work is a significant contribution to two disciplines: constraint management and managerial accounting. The constraints accounting measurement principles prescribed by John and Pamela Caspari in this excellent book provide a solid set of tools for improving management performance, achieving competitive advantage, and providing clear guidance for avoiding wrong-headed measurements that can lead an enterprise off course."
Paul D. Dozier, President and CEO
Dozier & Associates Consulting
"All good managers intuitively know that increasing throughput results in more profit to the organization, but current cost accounting measures emphasize cost reduction. John and Pamela Caspari provide another look at the data to show us a better way to make business decisions. This is the Theory of Constraints book written for any business leader who is watching the numbers."
David Kaser, Six Sigma Master Expert