Managerial-finance

My stereotype of accounting texts before taking an accounting class and using this book was they were all focused on the mechanics of accounting, which are dull to most students. This textbook, on the other hand, emphasizes the usefulness of accounting in the real world before delving into all the rules and regimentation. Therefore, some subjects, like debts and credits, receive less attention than they might deserve, especially for serious accounting students. The textbook's diagrams are quite colorful and useful, and its language is simple enough for your average student to understand. Hence, I recommend the book to any introductory-level business student, but I think that more serious accounting students might prefer a more advanced or in-depth textbook.

for managing your organization, you won't find it here.

Although the premise of the book seems attractive (abandoning "champions", self-directed teams, and other nebulous vehicles of managerial abdication), the author presents little more than another fad, that of "accountability chains" wherein the employee (the subordinate, in the newspeak of Dr Kraines) and the boss, and perhaps the bosses boss meet and agree on the "QQTR" (quality, quantity, time and resources) of everything, holding strictly to accountability, nothing more, nothing less with "no surprises" and the assumption that the entire chain will somehow hold together, weak links and all. Perfectly logical, perfectly inflexible and rather absurd, given the nature of business, economy, war, bankruptcy, layoffs and all of the other unpredictable events the company is likely to deal with.

Much of the book seems to be an ad for the Levinson Institute for which the author is CEO. I found particularly disheartening a large section dealing with the selection and cultivation of future leaders based on a sort of "corporate IQ concept" in which candidates' ability to handle role complexity is quantifiable by studying 10 year charts of their progression in the company. The author's idea is that leaders are identifiable by this trajectory and fall so neatly into it that human resources professionals can simply run the numbers (using software developed by the Levinson Institute, of course) to objectively select the future top managers.

The book is great for quips and throwaway lines, but startlingly weak on proven practical examples of the application of the accountability approach. The basic idea seems sound, but I suspect that if applied as the Doctor orders, the cure may be worse than the disease.

Author Gerald Kraines addresses a neglected area of management and lays out practical, important prescriptions for turning accountability into a linchpin of a thriving organization. Unfortunately, his solid counsel reads like an especially turgid graduate-level textbook. While all the ideas in this book are useful and many are extremely valuable, they're obscured by the heavy use of jargon (much of it self-defined, so the book often seems to be written in its own unique language). As a result, even though it is only some 220 pages, readers may give up, defeated by stretches of nearly impenetrable text. Kraines, who builds on the work of Elliott Jaques, tries to open doors with accessible case studies, but he soon lapses back into his specialized vocabulary. As a result, we believe the full text will interest mainly a very specific audience: business students and professors, theorists, consultants and high-level managers at large organizations may want to look up particular chapters for details and context. Even if you don't have the stamina for the whole tome, hang in there for the gems.

Author Gerald Kraines addresses a neglected area of management and lays out practical, important prescriptions for turning accountability into a linchpin of a thriving organization. Unfortunately, his solid counsel reads like an especially turgid graduate-level textbook. While all the ideas in this book are useful and many are extremely valuable, they're obscured by the heavy use of jargon (much of it self-defined, so the book often seems to be written in its own unique language). As a result, even though it is only some 220 pages, readers may give up, defeated by stretches of nearly impenetrable text. Kraines, who builds on the work of Elliott Jaques, tries to open doors with accessible case studies, but he soon lapses back into his specialized vocabulary. As a result, we from getAbstract believe the full text will interest mainly a very specific audience: business students and professors, theorists, consultants and high-level managers at large organizations may want to look up particular chapters for details and context. Even if you don't have the stamina for the whole tome, hang in there for the gems.