ABSTRACT
Most of the management techniques listed in the glossary call for the use of one thing only—time. Very few require the use of complex equipment or machinery: this is an important feature of management techniques for it allows companies to improve their profits without making extensive calls on their capital. A rather closer indication of costs is given under each technique in the glossary but even the broad figures show one thing fairly clearly: many of the management techniques cost very little. The chapter suggests that the lines is strongly recommended before any technique, but after the manager has gained sufficient knowledge to make realistic estimates. It presents two points. The first is very obvious: it is that if one has a lot of similar problems it may only be worth tackling some of them. The second point 'Law of Diminishing Returns' is less obvious and represents the third way in which even small companies can use S techniques.
