About this Presentation
Business, the sciences, organizations, societies and individuals are embedded and invested in norms, rules, regulations and controls that are valid and needed if for no other reason that anarchy cannot be an option. History is full of both great and disappointing lessons of new discoveries having great difficulty in gaining acceptance, even when the results have been demonstrated, without dispute. There are many instances where the rules are applied broadly in ways never intended. There are many instances in which the original reasons for the rules no longer exist, yet these rules are firmly embedded in behavior, policies and even laws. This session will demonstrate the thinking that is required of the change agent to bring their targeted audience on the journey that will include BUILDING A BRIDGE OF UNDERSTANDING so that one can feel safe on their journey to acceptance. Video length: 52:04. PDF: 20 slides.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The concept of 'building a bridge of understanding' is a crucial tool in any organization to ensure effective communication and understanding between different departments or individuals.
Traditional cost accounting can often show results differently from throughput accounting, leading to potential conflicts or misunderstandings.
Building a bridge of understanding between the two accounting methods during the analysis phase of an opportunity can help to alleviate these conflicts and provide a clearer picture of the potential profitability of an opportunity.
Instructor(s)
Rocco Surace
Rocco Surace - past Chairman of TOCICO. He is a partner of Bonadio & Co a top 50 CPA firm in the US. He is co-author of the recently published Throughput Economics, which develops a practical methodology for better decision making by looking at the impact of decisions on a company’s bottom line, including the financial impacts, capacity limitations and the impact of uncertainty.
Rocco facilitates the discussion and open with his observations on what opportunities lie ahead.