In this novel the authors have used their creativity to talk about the managerial issues faced by employees in the western working environment and the possible repercussions of the prevalent state of affairs that are required to be addressed on immediate basis in the corporate sector before it’s all too late. Theory of Constraints The authors add the element of surprise and interest in the story by subjecting Alex Rogo to “cross-road” situation where he has to save his job in a period of just 90 days bearing in mind that his domestic life is also not running smoothly as his marriage is turning out to be disaster as well. Under such intricate scenarios the authors try to explain and introduce the famous “Theory of Constraints”. The Theory of Constraints is one the most widely used theories in the business environments today as it is applicable to a wide variety of processes involved in Operations and Project management. Bottlenecks Identifying bottlenecks at the right time is also another aspect addressed in the book. Bottlenecks and their identification are very important managerial tasks that the corporate governance looks to be performed at the right time by its managers. The bottlenecks refer to the blockages and hindrances that a particular department faces during the process of accomplishing the desired goals. Bottlenecks ultimately end up bringing loss of numerous working hours and costing huge percentages of revenues every year for a lot many companies in the corporate world. The idea of bottlenecks and means of identifying and improving on them are also described by using the personality of Alex Rogo and his team in the novel. The advantages of rectifying bottleneck activities and enhancing the efficiency of the system on the whole, were portrayed in the novel in terms of the goals achieved by Alex Rogo and his team, yielding huge benefits. Socratic Method An outstanding feature of the story is the Socratic Method, a magical tool that solves the problem without any outside assistance being craved for, used by the authors. A character, Jonah, introduces this methodology to Alex and his team in the novel. The Socratic Method is to ask a question regarding a problem to the people affected. This question will initiate a series of questions that the affected would answer themselves and ultimately will reach a solution to the problem. This method was not only fruitful for Alex in his professional life but it also turned the tables in his favor in his domestic life with his wife. The rhetoric used in the novel by the authors involves the reader in the story and makes one feel as if the situation is being experienced or witnessed in real time and this consequently enhances the learning and experience. Activity Based Costing In relation with theory of Constraints various vital concepts of Management and Cost Accounting were also discussed in the book such as the severity of Activity Based Costing (ABC) in identifying the weak links or inefficient practices in the process chains and why Traditional Cost Accounting (TCA) should not be used. ABC focuses on “what needs to be done?” while TCA is more concerned about “how it needs to be done?” because of being process focused ABC enables the companies to identify bottlenecks and to reduce costs at every stage in the production process while TCA is just about getting a task done in a conventional method without questioning the
Customer Name Instructor Name University Date The Goal, a Process of Ongoing Improvement Introduction Written by a renowned industry guru Eliyahu M. Goldratt, The Goal, is a fictitious work of literature that addresses a unique subject in terms of the novel varieties being read by the readers…
Personalized customer service is a business’s ability to provide individual consumers with their particular desires and requirements by means of developing and retaining consumer bonds. It is great that companies are moving a step ahead, implementing approaches that pay attention to the frequently ignored voice of the customer, leveraging this response to apply further customized policies into the resolution procedure and, therefore, making the progress from straightforward case management towards comprehensive, personalized customer care (Crisp Learning, 1998).
As such, this paper sought to establish the impacts of the activities of men on the ecology. It sought to evaluate the region’s management strategies on how the conflict between protection of the region’s ecological environment and exploitation of the natural resources for commercial purposes can be best resolved.
Charles dickens is considered one of the best by many and his stories are still read with zeal by the people all across the globe. October 1843 was the year in which Dickens first started writing A Christmas Carol and he completed the same in the end of November.
In the context of the topic; money for nothing; behind the pop music, the social justice behind that industry has been presented. According to the bird eye view of the music industry, and from the given video, the only art that is associated with the music is the art of selling the music and no genuine art is behind the industry.
It appears that the control of information begins and ends with people, from those to whom the respective record belongs to congressional representatives who have the responsibility of creating legislation for the common good. In order to affect the behavior of individuals, in this study we hypothesize that security of personal information necessitates the creation of information security policy at a level significant enough to influence the conduct of human behavior in the daily work environment.
edical record protection laws in 1999, and as of August of that year, 27 states had enacted legislation concerning medical records (Fact Sheet, 1999).
It appears that the control of information begins and ends with people, from those to whom the respective record belongs to
Companies have also employed forensic accountants for prevention of fraud and perform supervisory role in order to comply with regulations laid out by the SOX 2002. The current paper will examine the role of
To combat the financial crisis several industries are busy in cutting down their employee strength to boost the profit margin. In last 4-5 years, the rate of unemployment increased drastically throughout all the sectors. To combat this increasing rate of
Duty, on the other hand, influences the will of a person. Kant in his paper focuses on the influence duty has on the will of a person. Will is either set by duty or it is in accordance with duty. Will is set by duty in the case of self-preservation where one is expected to
It is not that this was my first experience of participating as a member of the team; previously also, a couple of times, I have worked as a member of the team but not with clear understanding about the roles. From my past
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