Management Dynamics: Merging Constraints Accounting to Drive Improvement
Organizations have found that a continuous state of improvement and growth that shows up on the bottom line is a gargantuan task, and requires an understanding that definitive success demands a company-wide holistic approach. Management Dynamics is an in-depth, step-by-step analysis defining the critical ingredients essential to achieving ongoing improvement and a robust bottom line.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 theory–a 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 organization’s 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 controlPricingSimplified critical chainNew ways to use sales funnels in the management tool kitIncentive compensationComplete with hundreds of informative illustrations and tables, Management Dynamics is an enlightening and useful guide for controllers, cost managers, and an organization’s executive management and owners.