Author: H. Thomas Johnson and Anders Broms
In this powerfully-argued alternative to conventional thinking, the authors 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 and organizes work. Profit Beyond Measure details how two extremely profitable manufacturers, Toyota and Swedish truck maker Scania, have rejected the traditional mechanistic mindset (of managing by results that generate waste.) Toyota and Scania achieve their legendary cost advantage through a revolutionary concept the authors 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.
