"Schragenheim, Camp and Surace, three leaders of TOC community, are
tackling one of value destroyers of corporations-the misuse and
abuse of traditional cost accounting. This book develops a
practical methodology for better decision making by looking at the
impact of certain types of decisions on a company's bottom line.
This well-defined methodology allows mid-managers, higher level
managers and financial staff to create real value by concentrating
on what truly matters." Boaz Ronen, Professor Emeritus, Coller
School of Management, Tel Aviv University, Tel Aviv, Israel
"Throughput Economics is a must read for entrepreneurs and managers
who want to make their organizations more and more antifragile."
Andrea Zattoni, CEO of Antifragility, Italy "Management accounting
is a dry topic. Throughput Economics is not-managers can learn a
lot they can apply to their company from it." Rudolf Burkhart,
Business Development Director, Vistem Gmbh, Germany Throughput
Economics challenges the current thinking of how to evaluate cost,
risks and rewards of any deal or any other new market opportunity
being considered, especially the practice of calculating
cost-per-unit. Instead, this book offers a process that directly
answers the critical question: If we accept the proposed decision,
will the performance of the organization improve? The process
involves the intuition of the key people in the organization,
together with the relevant data, to come up with the best available
information from which to form a reasonable range of net profit,
when the considered decision is added on top of all the other
activities undertaken by the organization. The process is explained
and demonstrated using a variety of cases where the organization
faces a new non-trivial idea, along with a detailed explanation of
how it should work, including software support that provides very
quick response to many what-if suggestions. This book offers a new
and well-defined process, applicable to every organization, that
considers both financial impacts and capacity limitations and,
also, includes the impact of uncertainty by providing the range of
reasonable results rather than one number, which is always proven
wrong in the end. Overall, the book provides a holistic method for
simplified decision making in seemingly complex or shifting
environments using a constraints mindset to facilitate companies'
realization, for the first time, their true potential.
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