Dreams of Lean Accounting Standards
1 May 2007
Certain aspects of traditional accounting, driven by the generally accepted accounting principles (GAAP), have stymied the efforts of lean manufacture…
A Lesson for Layoff Lemmings
25 April 2007
Ford, Whirlpool, NCR... and hundreds of other companies: you've laid off thousands of people, tens of thousands of years of knowledge, experience…
No Muda in Aisle 7
9 April 2007
The furor surrounding executive pay usually centers on either the (gross) disconnect between performance and pay or the somewhat vaguer feeling that i…
The Value in Pricing
28 March 2007
Hopefully you caught the front page article in the Wall Street Journal on Tuesday discussing how Parker-Hannifin completely revamped its pricing strat…
Pay for Availability
28 February 2007
The current Knowledge @ Wharton has an article on an emerging trend to pay for equipment only when it is performing to expectations. This type of con…
High Wage Competition
27 February 2007
One of my favorite blogs, Cafe Hayek, had an intriguing post earlier this week titled Competing With High-Wage Workers. Don Boudreaux's premise i…
You Have to Laugh. If You Don't Cry First.
24 February 2007
Earlier this week, the Wall Street Journal ran an article (subscription only) on the way that Home Depot, in the wake of CEO Bob Nardelli's depart…
Taking a Long Term Perspective
4 November 2006
Three days ago we told you about "pull economics," where "a profound shift is taking place from predictive to non-predictive demand - f…