The Theory of Constraints and Its Implications for Management Accounting

1995, partly out of date.I was looking for some guidance for TOC in pricing and eventually I have found it in this book!Cases are fine, I like the story of Western Textile Products since I am in that sector as well.Frank view on TOC; not %100 success in corporate scale but %100 success in departmental level.I agree there are a lot of other factors for above statement and it is well explained in the book.

Belongs on the desk of every business person in America.

Wonderful book which should be a required reading for all business students

item as described - good conditions. Had to pay additional VAT - as value declared 55$ for a used book :-(

Fantastic book

As advertized

I certainly like Goldratt's writings, however this book adds a new and supportive dimension to the Theory of Constraints. Where many other TOC books insist on using the novel structure to enhance readibility this book gives much needed information and depth without long winded characterisations and subplots.Read in conjunction with Eli's books it makes the whole theory more punchy and useful. Therefore the book is timely and certainly recommended. Eric Noreen and his fellow authors have done a good job.

...this is an excellent book that summarizes Goldratt's theory explained in the Goal and the Haystack Syndrome (preferably, read these two first). The point of this book is not to change the "accounting" for IRS purpose or whatever, the purpose is to give "real world" experience applying TOC in management decision making. This theory is the theory of common sense, nothing more, but yet, we easily forget about it. One of the biggest insights of the theory is that Cost Accounting recognizes no constraint in a system (i.e. company) at all, making it obsolescent for decision making. So, if you are ready to forget about everything you know about cost allocation and believe that you can arrive to better decision making without the need of a "product cost" go ahead with this book and be surprised!...again this is a change of paradigm and, because of that, for some people will be difficult to digest, specially accountants and ABC advocates.

Probably I had too high expectations from this book. Rather than educative (what I had assumed) this book turned out to be merely a bunch of case studies where the learning's are anything but obvious. It has the feel of a textbook, which makes the reading more agonizing (unless you are the professor types).