About this Presentation
In this presentation, the current state of the economy (2009) is described. Unemployment is over 9% and rising. Gross domestic product has decreased by over 3%. Ten million homes have mortgages that exceed their market value. The presenter poses the question of whether TOC can help solve these problems. Can the politicians’, bureaucrats’, financiers’, bankers’, etc. plans of pushing money into the economy work? Can the best practices of TOC (thinking processes, throughput accounting, critical chain, supply chain logistics, business strategy) help? We should teach the world TOC. First Solar Manufacturer (manufactures solar panels) was discussed. For five years it has been growing at 200% per year. What if all businesses were managed with TOC similar to First Solar? They would be profitable, provide secure employment, low stress, content customers, successful suppliers growing tax base, stable families, and continual growth. The Japanese Ministry of Public Works is also discussed in their use of and growth of critical chain in projects over the past 7 years. Skip provides a detailed prescription for expanding TOC into the main way.
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.
The speaker believes that the Theory of Constraints (TOC) can be a solution to economic recession, and encourages the audience to be 'unreasonable' in their efforts to solve problems, implying that traditional methods are not sufficient.
The speaker emphasizes the importance of collaboration, networking, and relationship building in spreading the knowledge and application of TOC. He suggests forming alliances with other TOC consultants and companies, and using various methods to create demand for TOC, such as articles, stories, speakers, and Web 2.0.
The speaker provides various actionable recommendations for the audience, such as using TOC to focus efforts and quickly improve output, teaching the world about TOC, and being persistent in calling or writing to potential clients or partners.
Instructor(s)
Jennifer Eckman
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.