Base your management decisions on solid foundations

In my previous post I tried to demonstrate how cost accounting based measures are leading you astray. There is a better alternative, sound, consistent and aligned with business objectives.   I often wonder, why is it that we continue using things we know are not good enough, or even bad? I believe there are two […]

Cost accounting measures are leading you astray

A good friend and mentor told me many years ago that “If you ask lousy questions, don’t be surprised to get lousy answers”. I found over the years two facts: The first one is that this sentence is amazingly true and the second, is that with small adjustments this sentence can be rewritten to accurately […]