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Definition and scope of target costing as explained in the book:
The target costing process is a system of profit planning and cost management that is price led, customer focused, design centred, and cross-functional. The target costing initiates cost management at the earliest stages of product development and applies it throughout the product life cycle by actively involving the entire value chain.
The difference between target costing and cost management is that the latter focuses on reducing the cost when they are already occurring, that means when the product design and the process are already defined. The target costing approach on the other hand helps to identify the allowable cost for a product in the design stage, the cost at the manufacturing stage are therefore known to be achievable and competitive. Further cost improvements are achieved by kaizen costing (continuous improvement).
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This is an excellent book for explaining why we make decisions and how we can learn to make better decisions and very timely here in the SF bay area of California where there are lay offs in high tech and people are trying to decide to stay in CA or move and all the other issues we deal with on a day to day basis.
The Chapters that are really helping me are Law#10 Do What You Really Want,#11 If It Ain't Simple, It Ain't Gonna Work, #12 Have a Hopeful heart and a Cautious Head, #28 You Don't Have to Run from Risk and #29 Following Through Makes Decisions Wonderful.
This is a GREAT book for those of us who are at a fork in the road and it looks like a real fork with 3-5 choices. Or those of us who feel like the rope in a tug a war game and are feeling the rope burn. This is why I got the book, because I needed some sound proven (important word) advise that would help be choose the right branch or path in the road and the right way to avoid more rope burn.
On page 111 he says "You don't just make a decision. You live a decision" which is wise advise. And that "You have to ask yourself what you would want if none of the people in your life were in the picture". In Chapter or Law 11 (excuse the bad English in the title. English teachers will wince) he asks "Are you making things more complicated than they need to be?"
The author Dr Charles Foster really knows, appreciates and practices the KISS mode of life. Keep It Simple Silly. Great book and well worth the money and time. And a book that you will actually use a great deal and should have on your book shelf. Buy a copy for your local library as well. Share the wisdom with others.
Every time I pick the book up and re-read it I learn something I had missed the times before. This is a sign that a book has WISDOM!
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Although I have had a great deal of formal decision-making training, I found that it did not cover many of the areas of advice here. So even if you think you know this subject, I suggest that you take a look at this book. Think of this book as a compendium of common sense that may not occur to you while you wrestle with an important decision.
Dr. Foster is a Ph.D. and M.B.A. so he has a sense of the theoretical as well as the practical. His 30 laws were divined through a 12 year study where the decisions of a few dozen people were tracked. Then the group was divided into two, based on the good or bad quality of the decisions. Those things more often done by the "good" decision makers became the basis of the laws.
Although the group is too small to be representative of the whole population, it is certainly an improvement over intuiting the ideas in the absence of any data. No data or analysis of these cases are provided, so you cannot see how strongly the observations held for yourself. That is the key limitation of the book, from my point of view.
I would normally be skeptical of such poorly documented advice, based on a "study" but the answers fit my intuition pretty well. So I am awarding five stars based on my personal reaction to the laws, rather than to the "study" itself.
In making a decision, you are encouraged to apply all 30 laws . . . not to look just for the laws that apply. You will find that some laws seem to conflict with others. I interpreted this as trying to help you acquire a more balanced perspective. Consider, for example, law #2 (Don't Decide Until You're Ready) which could come into conflict with law #4 (Choose It or Lose It) which points out that you cannot let too much time pass. In this case, the author suggests that the first 10 laws are in order of importance, and those that rank more highly should outweigh the lower ones. So you should take whatever time you need, keeping in mind that you don't want to let so much time pass that you make the decision through inaction. You'll just have to resolve these conflicts for yourself, as best you can. People will differ on how they do that.
Many such books are no more than a list of 30 laws, with some examples given. I was pleased to see that almost every law also had detail behind it that would help you apply that law properly. For example, law #7 (Turn Big Decisions into a Series of Little Decision Steps) contained information to help you identify smaller steps and to move expeditiously through them. Each law also had one or more interesting personal examples, presumably drawn from the "study" that led to the laws.
All of the laws fit into one of three principles:
"(1) Prudence is a virtue.
(2) Action is better than inaction.
(3) Decisions exist to make things wonderful."
Perhaps the best advice in the book is to "care about making a good choice." The book encourages you to proceed confidently. "Right now you have everything you need to make good decisions."
Here are some of my favorites among the laws:
"Focus on the Most Important Thing."
"Look for All the Good Things That Can Happen."
"You Always Have Better Options."
"Get What You Need To Feel Safe."
"Never Let a Lower Priority Outweigh a Higher Priority."
"Know Your Achilles' Heel."
"Make Yourself Proud."
"Know What's Real."
"Keep an Open Mind."
"Take Care of the Basics."
"Some of the Things You 'Know' Are Wrong."
"You Don't Have to Run from Risk."
For the most part, this book is so qualitative that it will not focus you enough for decisions that can benefit from calculations. I suggest you take a look at "Smart Choices" to get ideas for quantifying some of these important personal decisions. That book contains some excellent examples of how to do this for issues like selecting a residence.
After you have laid out your decision and come to a tentative conclusion, I suggest that you sleep on it before making your final step. Many times, I've found that a much improved thought emerges from the delay of one more night.
May your life be filled with great decisions!
I also suggest that you share this book with anyone you know who has difficulty with decisions. That approach can reduce the amount of problems you will have to help others resolve in the future.
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Though written by psychologists (and with a foreword written by psychologist John Rosemond), the book - while scholarly - is quite easily understood and is an enjoyable read. They use the stories of three families to teach the various principles, which is one thing that makes the book so enjoyable. While the stories of the three families may not be identical to our own, there is much we can all relate to in them.
This book is for any parent who welcomes a common-sense approach to parenting. It also helps parents to assess their parenting style and then gives practical suggestions for change when needed, how to set parenting goals, and specific ways of getting there. The authors use the word "schema" quite a bit. They say that schemas are what we all use to make sense of the world, and that schemas help people create meaning about who they are. Schemas categorize and organize information. Knowing what schemas are is helpful to parents, they say, so parents won't have to struggle to be the parent they want to be. It was fascinating to learn what schemas are, how they are formed, and how the knowledge of schemas can be of help in parenting.
I especially found Chapter Five helpful and interesting. Entitled "Beyond Insight, Preparing for Action," it tells how to take action after we've gained the insight we need as parents, and these actions help us to make meaningful changes in our parenting. There are more exercises in this chapter to do which are fun, and helps us to understand further what our goals are and what we need to do to reach them. I found it quite helpful and enlightening and definitely recommend others try it, too.
I enjoyed reading, and learning from, this book very much, and I know others will, too. It is thoughtfully, creatively written and useful for all parents.
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Excellent book, well worth the money. I've had mine for 8 years now and treasure it.
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Charles Bridges provides sound insight into the book of Proverbs.
Sure to touch the heart many times in many ways. Just a little study of this book often produces rich results. Be sure to look up the scripture references. Be prepared to grow in wisdom and knowledge and understanding.
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I think this book is suited to those readers who have a real appreciation for 17th century literature, and readers who have an interest in English cultural history. In fact, I skimmed the last half of the novel, as I was getting impatient with the characters, and wanted to find out quickly what happened to Jacob. As an historical treatise on gay relationships, and a story of the cruel times, I think the novel worked quite well, but I would be hard pressed to recommend this as a "must read."
Michael.
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I have rarely felt less symphathy for a main character than I have for Jacob, he is the classic unwanted child, thwarted lover, etc. and his life and thoughts don't make for pleasant reading. Nor are her vivid descriptions of war and seige easy on the stomach. I am glad I read this however, her writing is so good I actually lived those times and their lives. My main question is why was this book written? To speak to us of a time -- the British Civil War -- is a reason, but why create such a despicable main character? I must say that the other characters aren't so great either. I admire the fact that they are people, not stereotypes, archetypes, etc. but I don't care for them. Ferris is a wimp; his aunt is physiologically myopic. Caro, Zeb, and Becs are not sufficiently characterized to be likeable, since we only see them through Jacob's eyes, but I will say, they are real.
In response to another review, I found the "voice" imagery very explanatory, explaining Jacob's feelings or what I would call his insanity. Also the homoerotic elements of the story are integral to it, and is another reason why the book is so compelling.
If you like great writing and strong, vivid characters, a feel of actually living in another time, and an ending that makes you think, this book is for you. If you want a happy ending, redemption, forgiveness and all knots neatly tied at the end, don't read this.
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The one drawback was the size of this book. Dickens spent much time giving detail of many places and people (and did a good job of it), but we must draw the line somewhere. Just when one thinks enough words have been spent on one topic, it diverges into yet another irrevelant matter.
I'd recommend this book to almost anyone, unless you have a great fear of commitment. But the book has plenty of plot and satire to hold you to the end. I certainly was, but I don't think my librarian would believe me.
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Definitely, this is not one of Dickens's best novels, but nevertheless it is fun to read. The characters are good to sanctity or bad to abjection. The managing of the plot is masterful and the dramatic effects wonderful. It includes, as usual with Dickens, an acute criticism of social vices of his time (and ours): greed, corruption, the bad state of education. In spite of everything, this is a novel very much worth reading, since it leaves the reader a good aftertaste: to humanism, to goodness.
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Through the years since high school, I have begun to read Dickens of my own free will, and have greatly enjoyed his works.
Nicholas Nickelby, one of my all time favorites, is a wonderful novel, typical Dickens, chock full of characters, plots, satire, and story. Nicholas and his immediate family are the 'black sheep' of the Nickelby name. Humble, gentle, and common in the eyes of their well-to-do relative, Uncle Ralph Nickelby, who denounces Nicholas as a boy, and man, who will never amount to anything.
In typical Dickens fashion, Nicholas encounters adversity first at a boarding school, then in society, as he forges a name for himself. Along the way he befriends many, enrages some, and invokes the wrath of his Uncle Ralph, determined to prove himself right in bemoaning the shortcomings of his nephew.
One point of interest in this novel for me is the major revelation that comes toward the end involving the character of Smike. Throughout the novel he is loveable, pitiable, and utterly realistic, and his significance to the life of Nicholas, as revealed in the final chapters, is a true plot twist, and a charming, if not bittersweet, realization.
For anyone forced to read Dickens early in life, if you appreciate quality satire and an engaging look at the London society of more than 125 years ago, visit this novel sometime, it is one of Dicken's finest.