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![]( "Buchcover ISBN 9780471047117")
GETTING TO THE BOTTOM OF THE BOTTOM LINE
Traditional cost management systems typically defeat their ownpurpose by leading corporations to make decisions that ultimatelydo not optimize performance. These systems are the foundation fordecisions that are made throughout the corporation. In order fororganizations to increase performance beyond current capabilities, a new approach is needed that addresses issues such asunderstanding the true impact of various actions on the bottomline-and eliminating methods that distort numbers and narrowoptions. Explicit Cost Dynamics (ECD) offers such analternative, and this expertly written, revolutionary book providesan indispensable introduction to the subject.
Informative and easy-to-read, Explicit CostDynamics:
* Provides an alternative view and understanding of the impact ofcosts, actions, and time on the bottom line of a corporation
* Explains how this new theory can lead to an overall profitmaximization
* Shows that costs can be considered as either a function ofactivities performed, as a function of resources expended, or oftime
* Shows that the difference between explicit dollars flowing intoand out of a company is equal to the rate of change of cash
* . . . and much more to help CEOs, CFOs, controllers, costmanagers, financial managers, and others involved in thedecision-making process improve their organizations' overall bottomlines.
Traditional cost management systems typically defeat their ownpurpose by leading corporations to make decisions that ultimatelydo not optimize performance. These systems are the foundation fordecisions that are made throughout the corporation. In order fororganizations to increase performance beyond current capabilities, a new approach is needed that addresses issues such asunderstanding the true impact of various actions on the bottomline-and eliminating methods that distort numbers and narrowoptions. Explicit Cost Dynamics (ECD) offers such analternative, and this expertly written, revolutionary book providesan indispensable introduction to the subject.
Informative and easy-to-read, Explicit CostDynamics:
* Provides an alternative view and understanding of the impact ofcosts, actions, and time on the bottom line of a corporation
* Explains how this new theory can lead to an overall profitmaximization
* Shows that costs can be considered as either a function ofactivities performed, as a function of resources expended, or oftime
* Shows that the difference between explicit dollars flowing intoand out of a company is equal to the rate of change of cash
* . . . and much more to help CEOs, CFOs, controllers, costmanagers, financial managers, and others involved in thedecision-making process improve their organizations' overall bottomlines.
