ICMS Articles
You are here: Home \ ICMS ArticlesPage/
16 August 2013 - 22:57, by , in Activity-Based Cost Management, No comments
“Poor Pass Costs Frogs Relay Title” This newspaper headline recently caught my interest. Texas Christian University’s Horned Frogs 4×100-meter relay team was on its way to a national championship and possible collegiate record. But while leading the final race, the last two members of the team failed to cleanly make the third and final handoff....
15 August 2013 - 23:05, by , in Performance Management, No comments
You can have an accounting system without accountability. But, can you have accountability without an accounting system? The recipe for faltering or failure in today’s fast-paced global economy is to be content with your own knowledge. Traditional cost systems that account for actual spending by resource type on a monthly basis were primarily designed to...
12 August 2013 - 23:16, by , in Performance Management, No comments
It is easier to start or stop than it is to sustain. Diets and exercise are easy to start or stop. Keeping a healthy lifestyle is difficult but worthwhile. Joining a church is easy. Staying home is easier. Keeping a daily commitment to Bible study, prayer and living a holy life is difficult but worthwhile....
12 August 2013 - 23:15, by , in Performance Management, No comments
If you never allow yourself to grow tired of doing good, you can achieve record results. On September 9, 1990, Dallas Cowboy Emmitt Smith gained 1 yard in his first NFL rushing attempt before being tackled by San Diego Charger Martin Bayless. On his next attempt, Emmitt gained 1 more yard, finishing the game with...
12 August 2013 - 23:15, by , in Performance Management, No comments
Why do people back away from change? In John Maxwell’s new best seller “FAILING FORWARD“, he lists six traps that cause people to pause instead of pursue change: The Embarrassment Trap… they are afraid of looking bad. The Rationalization Trap… they figure that if they spend sufficient time confirming the need, they can procrastinate and hope the...
12 August 2013 - 23:14, by , in Performance Management, No comments
In February 2000, Southwest Airlines’ CEO Herb Kelleher sent a cost improvement request to the home of each of the company’s 30,000 employees. In the letter, he told them “Our profitability is in jeopardy” due to the rising cost of jet fuel. In a personal plea, Herb asked each employee to help out by saving...
Does lifting a barn sound like an impossible task? Well Herman Ostry, a farmer in Bruno, Nebraska did it. And so can you. Shortly after buying a piece of property, a nearby creek flooded, covering Mr. Ostry’s new barn with 29 inches of water. Herman half-jokingly said to his family, “I bet if we had...
12 August 2013 - 23:13, by , in Performance Management, No comments
The story is told in industry circles about the 1950’s accountant who was bent on cutting overhead expenses. He issued a memo to all employees saying “Beginning today, everyone must use #3 pencils instead of #2’s.” He argued that the harder lead in #3 pencils would last almost three times as long. What was the...
12 August 2013 - 23:12, by , in Performance Management, No comments
A man walking down a dark street one night saw a person kneeling under a street light. He stopped and asked,“What are you doing? Can I help?” The person responded “I’m looking for my gold ring.” The Good Samaritan inquired “Where were you standing when you dropped it?” “I was walking down there.” He said pointing thirty feet...
12 August 2013 - 23:11, by , in Activity-Based Cost Management, No comments
Every year as winter wanes and spring approaches March Madness afflicts millions of people.  You’re probably thinking of the annual thumping of basketballs, squeaking of sneakers and the roar of the crowd.   Instead I’m talking about the business form of March Madness.  Senior managers from hundreds of companies begin to yell in late March and early...

Article Categories

Sign Up for Updates

Contact ICMS

Tom Pryor
TomPryor@ICMS.net
(817) 475-2945

Follow ICMS