Profit Beyond Measure

Profit Beyond Measure

Extraordinary Results through Attention to Work and People

Foreword by: Peter M. Senge
Waste has plagued almost every industrial-age firm for the past century. In this powerfully argued alternative to conventional cost management thinking, experts H. Thomas Johnson and Anders Bröms assert that any company can avoid the waste that is generated through excessive operating costs in the short run and excessive losses from market instability in the long run. To gain more secure levels of profitability, management must simply change how it thinks about work and how it organizes work.
Profit Beyond Measure details how two extremely profitable manufacturers, Toyota and the Swedish truck maker Scania, have rejected the traditional mechanistic mindset of managing by results that generates waste. Johnson and Bröms explain how Toyota and Scania achieve their legendary cost advantage through a revolutionary concept they call managing by means (MBM). Instead of being driven to meet preconceived accounting targets, the production systems of Toyota and Scania are governed by the three precepts that guide all living systems: self-organization, interdependence, and diversity.
Amid a wealth of new insights into Toyota's vaunted system, Johnson and Bröms introduce the tools of MBM to show how design, production, and profitability analysis are done to customer order. They demonstrate that by following the principles that emulate life systems, even a lean and profitable company can organize work to greatly lessen its long-term earnings instability and sharply reduce its short-run operating costs.
Scania has achieved sixty-five years of financial stability and longevity in the face of fierce competition. Toyota has amassed a market value since 1988 that has rivaled -- or sometimes surpassed -- the American "Big Three" automakers combined. The principles that Johnson and Bröms set forth in Profit Beyond Measure can guarantee the same richer, longer life to any company that applies them.
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  • Free Press | 
  • 280 pages | 
  • ISBN 9781439124628 | 
  • August 2008
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Read an Excerpt

Chapter 1: Lessons from the Rouge

It is clear that the primordial intention of the universe is to produce variety in all things...

-- Thomas Berry

He who would do good...must do it in Minute Particulars. General Good is the plea of the scoundrel, hypocrite, and flatterer.

-- William Blake

Managers of business organizations will find as a result of reading this book that they can no longer accept without question the conventional wisdom that says an organization will reach its bottom-line goals best if it drives its employees and suppliers to achieve financial targets in their work. Given this belief, a manager's... see more

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