The Goal, by Eliyahu Goldratt- book report - 1258 Words

February 23, 2014 QUAN 6610 Book Report The Goal: A Process of Ongoing Improvement by Goldratt and Cox KEY IDEA The Goal centers around the protagonist Alex Rogo, who is a manager at a manufacturing and production plant for UniCo that is performing badly and is given three months to improve or face closing. His old physics professor, Jonah, is his guide and mentor through the story, using the Socratic Method, as Alex and his team learn to formulate what later becomes the Theory of Constraints to turn the plant around and eventually earn him a promotion to division manager. SUMMARY The story begins with outlining the problems Alex Rogo is facing. His plant is incredibly late on shipments because of inefficient processes. It†¦show more content†¦The fivestep process consists of: 1. IDENTIFY the system s constraint(s). 2. Decide how to EXPLOIT the system s constraint(s). 3. SUBORDINATE everything else to the above decision. 4. ELEVATE the system s constraint(s). 5. WARNING!!!! If in the previous steps a constraint has been broken, go back to step 1, but do not allow INERTIA to cause a system s constraint. Lastly, Alex applies the Socratic method to his marriage problems with his wife Julie. This side story makes the book more realistic to its audience, all the while showing real life stresses of balancing work and personal struggles and how these methods of problem solving can be applied universally, not just in a business setting. LESSONS LEARNED (1†1  ½ PAGES) The lessons learned in The Goal are not strictly relevant to manufacturing business, they are about life and any problem you approach. The techniques of questioning taught through the Socratic Method allow you to draw your own questions and conclusions about problems encountered. Furthermore, the book outlines techniques on the creation of clear metrics on improvements and productivity in any business. By asking what the goal(s) of the business is/are, and how throughput (the rate at which the system generates money through sales), operational expenses (all the money the system spends in order to turn inventory into throughput), and inventory (all the money that the system hasShow MoreRelatedReport on the Book â€Å"the Goal† by Eliyahu Goldratt and Jeff Cox1590 Words   |  7 PagesReport on the book â€Å"The Goal† by Eliyahu Goldratt and Jeff Cox I really enjoyed this book. It was easy to read and easy to comprehend. The examples used in the book make the main ideas of the book memorable and easy to understand. I loved how the authors described the thinking process of the main character, Alex, in a day to day every person’s situations. To me the main value of this book is that its main concepts are applicable to every business, not just manufacturing facilities. I work in marketingRead MoreThe Goal : A Process Of Ongoing Improvement By Eliyahu M.goldratt And Jeff Cox1414 Words   |  6 Pages Book Report: The Goal Horane Williams MGMT 430: WB1 Sp.15 University of Baltimore Eliyahu M. Goldratt s The Goal: A Process of Ongoing Improvement by Eliyahu M.Goldratt and Jeff Cox has changed the way organizations do business and handle constraints. The Goal tells of a guy name Alex Rogo, whom is a supervisor at a production plant how he helps save his plant. At the beginning his plant was unproductive and faced a lot of constraints within. With his help, the plantRead MoreOperational Failures Occur Within Organizations Across All Industries Essay1553 Words   |  7 Pagesmachinery performing the task of carrying out the majority of daily task operating on a 24/7 basis. BACKGROUND TO THE PROBLEM AND ITS ORGINS Eliyahu M. Goldrath introduced an overall management philosophy, the theory of constraints (TOC) in his book titled The Goal in 1984. 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Taylor, III, P.E., Ph.D., University of Texas taylor_l@utpb.edu R. David Ortega, University of Texas ABSTRACT The â€Å"Thinking Process† as introduced Dr. Eliyah Goldratt, in The Goal and further expounded upon in, It’s Not Luck, is based on the Socratic teaching method of if †¦then reasoning. This type of deductive reasoning is extensively used in the field of medicine, in the diagnosis and treatment of disease and for determiningRead MoreThe Goal : A Process Of Ongoing Improvement By Eliyahu M. Goldratt And Jeff Cox2079 Words   |  9 PagesIntroduction: I read the fictional book called, The goal: A process of ongoing improvement by Eliyahu M. Goldratt and Jeff cox. Goldratt has an extensive history of writing novels about business problems and their solutions. His list of work includes; The race, The haystack syndrome, What is This Thing Called Theory of Constraints and How Should it be Implemented?, It’s not luck, critical chain, and necessary but not sufficient. With his most recent work being in 2009 called Isn’t it obvious focusingRead MoreA Process Of Ongoing Improvement By Eliyahu Goldratt And Jeff Cox1601 Words   |  7 Pagesinitially received my copy of The Goal: A process of ongoing improvement by Eliyahu Goldratt and Jeff Cox, I assumed it would be your standard business book with dry statistics and nothing that would actually constitute as a story. I was pleasantly surprised that it was actually a well-developed story that kept me entertained and coincided with many point that were just being taught in our Supply Chain Management class (as I had finished the book relatively soon). The Goal covered both business standRead MoreEssay about Eliyahu M. Goldratts The Goal2950 Words   |  12 PagesThe Goal Here are the principles behind the dramatic turnaround story in The Goal. The goal of a manufacturing organization is to make money. Jonah poses this as a question: What is the goal? and Rogo actually struggles with it for a day or two, but any manager or executive that cant answer that question without hesitation should be fired without hesitation. But then again, the goal isnt clear to everyone. One of the characters in the book, an accountant, responds to an offhand commentRead MoreThe Goal: A Summary3902 Words   |  16 Pages The Goal: A summar By Eliyahu M. Goldratt This book begins with the narrator and plant manager Alex Rogo, having only what can be described as the worst day ever. His morning takes a general turn for the worse when the Division Vice President of UniCo, Bill Peach, beats him to the office and leaves a swath of general hate and discontent in his wake as he attempts to appease a dis-satisfied customer and get an order shipped immediately. Alex Rogo, attempts to smooth ruffled the feathers ofRead MoreThe Goal- Book Report2486 Words   |  10 PagesBook Report: The Goal This paper is a book report on the novel entitled The Goal written by Eliyahu Goldratt and Jeff Cox. The 40-chapter book is actually a business book written in the form of a novel that makes it interesting to read unlike other business textbook. As a novel, the book is entertaining but at the same time, very informative for management or accounting students as well as for the real-life company managers and CEOs who wanted to apply different managerial practices