Onward and Upward!
Throughput Accounting (TA) improves profit performance with better management decisions by using measurements that more closely reflect the effect of decisions on three critical monetary variables (throughput, investment (AKA inventory), and operating expense. It is thus part of the management accountants’ toolkit, ensuring efficiency where it matters as well as the overall effectiveness of the … Read more
“Once manufacturing is outsourced, process-engineering expertise can’t be maintained, since it depends on daily interactions with manufacturing. Without process-engineering capabilities, companies find it increasingly difficult to conduct advanced research on next-generation process technologies. Without the ability to develop such new processes, they find they can no longer develop new products. In the long term, then, … Read more
“Hi Scott, this is Steve.” Scott Steckley asked: “Steve Jobs?” “Yeah,” Jobs said. “I just wanted to apologize for your incredibly long wait. It’s really nobody’s fault. It’s just one of those things.” “Yeah, I understand.” Then Jobs explained that he expedited the repair of Steckley’s computer. “I also wanted to thank you for your … Read more
When confronted with any of the following three people—and you have found it impossible to change their ways, say goodbye. These people passive-aggressively block innovation from happening and will suck the energy out of any organization. 1. The Victims “I wanted a happy culture. So I fired all the unhappy people.” — A Successful CEO … Read more
The material has been dubbed “ultralight metallic microlattice,” and according to a news release sent out by UC Irvine, it consists of 99.99% air thanks to its “microlattice” cellular architecture. It is so lightweight that the research team consisting of scientists at UC Irvine, HRL Laboratories and Caltech say in the peer-reviewed Nov. 18 issue … Read more
The gist of the matter is this: God, as conceived by Jesus, receives and forgives the sinner, not for the purity of heart and life he has actually attained, but for that which he penitently and faithfully strives to attain. —A. Campbell Garnett (1942)
The first requisite, if we are to move away from the disturbing inequality which now prevails among us, is, once more, a change of attitude. We shall have, no doubt, to generate a new form of disgust—disgust at fortunes that are far beyond the levels of any conceivable human wants…. A maturely moral society will … Read more
A discouraged and downcast fellow, struggling with obstacles and fighting with failures, will often deliberately attribute all his misfortune and difficulties to some trifling mistake in his youth, or to some insignificant blunder or minor transgression in later life. There recently came into our clinic a young man whose life was a perfect failure; he … Read more
The value of science lies in its generalization and relation of fact to fact by means of which the mind builds a universe of sequences and connections, applying these generalizations to the needs of life…. The scientist, indeed, has no more right to be a materialist than an idealist. Neither of the foregoing presuppositions is … Read more