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MT425 Unit 6 Discussion Question 1

MT425 Unit 6 Discussion Question 1
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MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 6: Management Accounting in a Competitive Business Environment

Unit 6 Discussion Question#1

Go to the Center for Industrial Research and Service website to review the Theory of Constraints.

- Read the information on this theory and then complete the following exercise:

Drawing on the "Brief Introduction to TOC and its Thinking Processes" case study, think of situations in your own life where you have had a problem or are currently trying to resolve a problem. Come up with a written plan that applies the five steps of the theory of constraint to this problem. If possible, apply these five steps to solve the problem. You will draw on this information as you respond to Discussion Question 1 & 2.

Then, on the same web page:
- Click on Clients.
- Select Success Stories.
- Read the following stories:
Eastern Financial Florida Credit Union.
Seagate Technology.
Valmont Industries.

In the Theory of Constraints (TOC) Exercise, you were to develop a plan to solve a problem using TOC. If possible you were also to apply this plan. Summarize your problem and the five steps you wrote down to solve the problem. If you actually tried out your plan, report on that experience as well.



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