Constraint-finance

This is a good explaination of why the various allocation based account methods lead to poor management decisions and a good introduction to a better way of accounting. It does not include how to reconcile throughput accounting with required GAAP reporting. The only book I know that does is The Measurement Nightmare, which is a rather difficult read. It would be very helpful to have a book with example problems to work, an explaination of the GAAP reconciliation process, and more detail into what costs are totally variable and non-totally variable.

This is a funny little book. It's not too well written and the content is not that new, once you have read Eli Goldratt's basics on the topic.
However, Thomas Corbett simply put the stuff together and proves, beyond any doubt, the fallacy of classical cost accounting as well as the "new & improved" fallacy of ABC.
Examples are quite simple to follow and the outcome is very exiting!
Makes you seriously wonder if there is add-on software out there that extracts the relevant data from present accounting systems, and helps top and middle management make the right decdions for a change on a daily basis. Key question is; how can this software help non-TOC companies help establish their bottle neck?

People who did not understand the message, find the Throughput Accounting a useless framework. But if you are a smart and open mind person, this book is for you.

The theory is very well explained illustrating an alternative path to the old and nosense cost accounting.

I advice you to buy it.

In "The Theory of Constraints and Its Implications for Management Accounting", the authors hail TOC's "Thinking Processes" as "...perhaps the most important intellectual achievement since calculus". The authors go on to comment on how these "Thinking Processes" are difficult to understand by most people.

With the release of "Thinking for a Change", Lisa has provided the "Thinking Processes" tools in a very accessible format. The everyday examples show us the power and the wide validity of these breakthrough problem solving tools. For veteran "Jonahs", the book provides tips on coaching others in the "Thinking Processes", and insight into the development of the tools that I've not found anywhere else.

For those with no introduction to the Theory of Constraints (TOC's) "Thinking Processes", they represent a paradigm shift in problem solving. A root cause analysis can be developed using the effect-cause-effect logic adopted from the scientific method. The old paradigm was if you don't understand something, collect more data. The new paradigm is that to understand something, you form effect-cause-effect logic and test it. The rules used to test the validity of the logic are presented in Lisa's book with everyday, yet compelling examples.

The validity of these "Thinking Processes" have been proven in application to organizational science, management science, as well as in the technical fields. The proof can be seen in the Profit and Loss statements of those companies who have adopted TOC as a overall management philosophy.

If you have found the writing of Senge, Wheatley, Covey, Gleich, and/or Pragiogini compelling, don't stop exploring until you have given TOC's "Thinking Processes", as outlined in Lisa's book a chance.

Scott Button, P.E., MSME, Jonah; Senior Specialist Engineer; Manufacturing R&D (in a major aerospace company.)

This is the TOC book that I lend to my friends when I want to explain TOC. Eli Goldratt's books are good for the spirit of TOC, but when I want to explain how to actually use the Thinking Processes, this is the best book for that purpose. The Dettmer book is also a good explanation of TOC, but "Thinking for a Change"'s use of everday situations makes a better case for using TOC in your daily life.

I really hesitated to pay [$] for a book that is not directly related to my profession, somewhat short, and had an unkown beneficial value. Being casually familiar with the thinking processes from It's Not Luck, I went ahead and bought the book. I'm not disappointed. In about a month it has paid for itself several times over. It's not an easy read, but if your curious enough to be reading this, you can understand it. If your a professional with a wife and kid(s), it is a must for both work and home.

The world of the Theory of Constraint

The business world is currently faced by concerns such as corporate governance, audit accuracy and management accountability. These concerns are affecting corporate and market credibility. There is a need for an investor tool kit to see the "wood through trees" within all the financial data that is currently available. This book provides the framework for just such a tool kit.

Stockpicker will initiate a new method of company valuation. It provides a fresh look at the often forgotten, but extremely important measure of free cash flow.

The Roadmap model addresses a complex problem by applying Theory of Constraints measures and pattern recognition. This enable focus by both an investor and the incumbent management on what the company should really be about.

The release of this book is both though provoking and timely.

An excellent book that gives new insight to the study of stocks and investing. Mr. Putz a leading expert in Theory of Constants has combined that theory and Profit Pattern Theory to provide an easy to apply method to the selection of quality stocks.

The authors have provide detail explanations of both TOC and profit patterns so that even the novice can easily apply this approach. The book also includes spreadsheets to use to perform easy analysis of your stocks.

If you are looking for a method to use for long term investing this may well be the book for you.