About this Presentation
The future growth of the economy rests on technological startups. When does a startup start? Goldratt’s definition is when the startup attracts external money. It is defined as successful when the startup stops losing money. A startup doesn’t become successful with the original product but with a 2nd, 3rd, or 4th generation of the product. Eli uses an example from this book “Necessary but not sufficient”: computer systems. What technology does a computer system replace? Pencil and paper! Eli discusses the problems of having a successful startup. What are the benefits of the technology? You have to sell the client on the technology. Technology can bring benefits if and only if it diminishes limitations. The client must have a limitation that you are going to eliminate. The vast majority of startups have not thought of how to respond to this question. The client must change his mode of operation to get the full benefits of the technology. What rules are currently embedded in the mode of operation of the client? These rules have to be changed. What are the new rules that must be adopted (to what to change?) by the client? We must build the S&T tree for this startup.
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.