Base your management decisions on solid foundations

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 key […]

Cost accounting measures are leading you astray

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 […]

If it is not broken – nevertheless Fix it!

If it is not broken - nevertheless Fix it

It is commonly stated by managers that if it is not broken don’t fix it, indicating that the key motivation for improvement should be an existing problem. I do not think so, the key motivation for improvement should be – being better. Because, if you are not constantly becoming better, if you wait for things […]

Information technology, business and the art of missing opportunities

Information technology

Information technology has been advancing rapidly for decades now. Businesses moved from literally having no technology to being loaded with it withing just a few decades. But do most businesses take the appropriate advantage of these new capabilities? Unfortunately, my experience, shows they are not. And even worse than that, it is so very common […]