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This title in other editions

Profit Beyond Measure: Extraordinary Results Through Attention to Work and People

by

Profit Beyond Measure: Extraordinary Results Through Attention to Work and People Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

9784906224616 Introduction to Quality Control

Introduction to Quality Control is highly recommended reading for people of all levels already working in quality control as well as those about to enter the field. It may be the best introduction to this vitally important topic you will ever find.

Synopsis:

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.

About the Author

H. Thomas Johnson is the Retzlaff Professor of Quality Management at Portland State University. He co-authored Relevance Lost: The Rise and Fall of Management Accounting, which is considered one of the most influential management books of the twentieth century by the Harvard Business Review, and authored its controversial sequel, Relevance Regained: From Top-Down Control to Bottom-Up Empowerment.

Table of Contents

Contents

Foreword by Peter M. Senge

Introduction: Toward a New System of Thought

CHAPTER 1

Lessons from the Rouge

Two ways of perceiving Henry Ford's original vision for low-cost mass production prompt different companies after 1950 to adopt very different ways of organizing work. These perceptions of work, reflecting distinctly different systems of thought, are referred to as "managing by results" (MBR) and "managing by means" (MBM).

CHAPTER 2

Relationships (MBM) versus Quantity (MBR)

A brief history of management by results from the 1950s to the 1990s; how businesses use

financial abstractions to amplify their grasp of the world by losing touch with it; how practices based on MBR thinking inevitably destroy the businesses that use them.

CHAPTER 3

Produce to Order

How Toyota Motor Manufacturing in Georgetown, Kentucky, the American operation of one of the world's most profitable auto makers, succeeds by managing production activities from a life-systems perspective, not managing by results.

CHAPTER 4

Design to Order

How Scania, a highly profitable maker of heavy trucks, succeeds by embracing a natural "spirit in the walls"; managing product design from the perspective of nature's system of evolution, not managing by results.

CHAPTER 5

Assess to Order

How order-line maps and ratios may be fundamental tools for managing by means, in the same way that measurement and management accounting are fundamental tools for managing by results; how companies use order-line profitability analysis to assess their efforts at reducing structural complication in design, operations, and administration.

CHAPTER 6

Results Are in the Details

How any organization can learn to master the principles that guide living systems in nature; steps managers can follow to stop chasing quantitative targets and, instead, to manage by means.

CHAPTER 7

What's Natural Comes Hard

MBM practices not only improve the long-run financial performance of businesses, they also improve humankind's situation in the ecosystem that sustains all life on Earth.

Afterword by Leif Östling, President and CEO of Scania AB

Appendixes

Acknowledgments

Notes

Index

Product Details

ISBN:
9780684836676
Subtitle:
Extraordinary Results through Attention to Work and People
Foreword:
Senge, Peter M.
Author:
Johnson, H. Thomas
Author:
Broms, Anders
Author:
Senge, Peter M.
Publisher:
Free Press
Location:
New York
Subject:
General
Subject:
Leadership
Subject:
Management
Subject:
Management Science
Subject:
Industrial Management
Subject:
Entrepreneurship
Subject:
Cost control
Subject:
Managerial accounting
Subject:
Production management
Subject:
Automobile industry and trade
Subject:
Profit
Subject:
Management - General
Subject:
General Business & Economics
Series Volume:
v. 2
Publication Date:
20001106
Binding:
Hardback
Grade Level:
General/trade
Language:
English
Illustrations:
Yes
Pages:
272
Dimensions:
9.48x6.42x.91 in. 1.17 lbs.

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Related Subjects

Business » Management

Profit Beyond Measure: Extraordinary Results Through Attention to Work and People Used Hardcover
0 stars - 0 reviews
$8.95 In Stock
Product details 272 pages Free Press - English 9780684836676 Reviews:
"Synopsis" by , 9784906224616 Introduction to Quality Control

Introduction to Quality Control is highly recommended reading for people of all levels already working in quality control as well as those about to enter the field. It may be the best introduction to this vitally important topic you will ever find.

"Synopsis" by , 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.

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