Balance sheet versus cash flow
What kind of financial thinking drives day-today decisions?
Balance sheet thinking: What is the breakup value of the company? Cash flow thinking: how long does it take to convert capital into cash?
delay doesn´t matter Delay creates waste just-in-case is wiser just-in-time is wiser work-in-process has value work-in-process is waste queues support better decisions and full utilization queues gum up the works and slow things down