About this Presentation
Eli discusses the Odyssey course, the S&T tree, the ability to separate levels of importance in a discussion, better relations with our parents, etc. He describes the uses of the TP to examine every facet of our life and briefly describes causality (necessary cause, sufficiency cause, additional cause) and the ability to separate levels of thinking between big items and small items. He also describes the use of the CRT to predict economic downturns in the global economy. Twice, Eli predicted the collapse of the economy using the current reality. What is our role? We start with a typifying effect. What is the typifying effect of our economy for last 20 years? Product development time is discussed with respect to the impact on time to market. The lifetimes of products in more and more industries are shrinking rapidly. If the lifetime of the product shrinks (and shrinks) and the development time is the longest factor in the time then there must come a time when development time exceeds lifetime. Since development time is greater than the time between model release times more than one model needs to be worked on at one time. This means that the company has parallel development teams and the teams must not talk to each other. The only thing a company can do is to shrink the development time. Many companies have tried to cut development lead time but failed. An example is PCs. The solution is to drastically cut supply time. Other factors China not only will become the largest producer but also the largest consumer. India is in a similar position; they had been blocked by political barriers. Both countries have about a 10% growth annually. Within the next decade another 2 billion people will be added to the consumer world.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Instructor(s)
Eliyahu M. Goldratt
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.