Managerial Accounting - "The Goal: A Process of Ongoing Improvement"

Jonah, takes a puff on his cigar, and tells Alex that –
In a sequence of dependent events … in combination with statistical fluctuations:
· Dependency limits the opportunities for higher fluctuations;
· Not averaging out of fluctuations but an accumulation of the fluctuations;
· Identify constraints (bottlenecks), develop measurements (throughput)

Alex Rogo – plant manager for UniCo ; Jonah – physicist / scientist ; Ch 4 – intro ; Ch 13 – essence

Author - Eliyahu M. Goldratt

Managerial Accounting and Managerial Microeconomics

Three and a half inches thick !

Econ buzzwords: marginal cost/revenue, customer value model, value-added, minimum efficient scale, market power, monopsony, double mark-up problem, profit-maximizing price, coopetition, game theory, Nash equilibrium, ...

Corporate Governance by Kenneth A Kim, John R. Nofsinger

It focuses on the various incentives within the governance system, helps explain recent problems and scandals, and puts potential solutions into context.
The most fascinating part is how Enron uses complex SPEs.

One Minute ...

* People Who Feel Good About Themselves Produce Good Results.

* The Best Minute I Spent Is The One I Invest In People.

* We Are Not Just Our Behavior; We Are The Person Managing Our Behavior.

* Goals Begin Behaviors, Consequences Maintain Behavior.