Johnson and Broms, cost management experts and coauthors of Relevance Lost: The Rise and Fall of Management Accounting, present a case for “management by means (MBM),” not “management by results (MBR),” thinking. MBM espouses the universal principles of living systems, i.e., nature, as relevant to all enterprises; the way work is organized must be guided by the principles of living systems. Seven chapters cover the history of modern management practices, offering case studies, field research, a pathway to MBM, and a synopsis of what MBM means to humankind and the earth’s ecosystem. Using Toyota Motor Company of Kentucky and Sweden’s truck manufacturer Scania as prime examples, the authors demonstrate how attention to social organization and individual interests has proven very beneficial by enabling these companies to accomplish outstanding labor performance and high profits. By cultivating and nurturing talent and diversity within the organization, successful managers can run cogent, profitable companies. Notes or references are provided for each chapter. –Susan C. Awe, Univ. of New Mexico Lib., Albuquerque Copyright 2000 Cahners Business Information.
Authors: Anders Broms, H. Thomas Johnson, Peter Senge
Subjects: Accounting, Management