A Critical Review of the Book It's Not Luck by Em Goldratt
An extensive use of Goldratt's thinking process is applied in the various businesses as part of the problem solving. "It's not luck" emphasizes the importance of using the thinking processes in business and in your personal life. The thinking processes refer to a logical, graphical, general and practical method of problem solving methodology and basically comprised of 3 steps. These steps as described by Goldratt are:
1. What to change?
2. To what to change?
3. How to cause the change?
It is very clear that the problems experienced in the companies are not lone standing but in most of the cases they are dependent on each other and there are strong bonds or relationships with regards to the cause and effects between them. It is therefore important to form or establish a strong cause and affect between them.
It is important to identify the unresolved conflict that exists. The process can be illustrated through a conflict resolution diagram or evaporating cloud, Goldratt (1994). As a first step a "current reality tree" is used extensively to portray and depict the cause and effect that join all the problems proceeding in a specific situation. After this, one will realize that you don't have to deal with multiple problems because normally there are only one or two reasons or causes. The thinking processes give you a step by step procedure how to do this. This is where the undesirable effects (UDE's) come in.
This brings us to what to change. If the undesirable effects lead to the root cause, then the root cause must lead to the undesirable effects, therefore "brought on by the root cause itself", Taylor (2003). The resultant current reality tree brings us to the proces...
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...rop their inventory levels.
Throughout the text of "It's not luck" it is clearly evident the great and significant importance detailed and accurate information plays in making informative business decisions. The information positively contribute to clear and logical decision making as well as analysis which further assist in reaching the desired goal and targets. The book It's not luck" with its three company examples clearly illustrates that when a constraint is removed accomplishments move forward. Through this even the normally stretch targets can be met and achieved and goals will be realized.
References:
Goldratt, E.M. (1994). It's Not Luck. North River Press Publishing Corporation, Great Barrington, MA.
Taylor, J. and Ortega, D. The Application of Goldratt's Thinking Processes to problem Solving. Allied Academic international Conference. Las Vegas. 2003
Compare and Contrast the Army Problem Solving Model (Process) with the Rapid Decision making and Synchronization Process. (C100)
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
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during the infamous short story called “The Lottery” by Shirley Jackson. The lottery was celebrated on June 27th of every year and was created for the conflict of the village being too over crowded . In the story it starts off with a peaceful and happy mood stating how beautiful the day looks. For example, on the very first sentence it quotes “ The morning of June 27th was clear and sunny, with the fresh warmth of a full-summer day; the flowers were blossoming profusely and the grass was richly green” (Sentence 1)
The philosophers Williams and Nagel have recognized a problem wherein moral assessment is based on forces outside human agency: called the problem of moral luck. As I find both philosopher’s solutions unsatisfactory, I will propose a superior settlement to the problem of moral luck by defining what is meant by moral luck, as well as by analyzing William’s control principle alongside Nagel’s ‘solution’. I argue that there must be acceptance of luck as a force of the universe, with individual’s moral accountability being determined on the risks that they take, and their understanding of the dangers of these risks.
In the excerpt of Sharpshooter Blues, Hydro is saved by luck when the store he works in is being robbed. While in the store, Hydro was lucky to not be shot while the store was being robbed. Like Hydro, almost everyone experiences some kind of luck in the everyday life whether it is a small or large amount of luck. In my life, I experience luck ranging from guessing on my accounting tests or having a great bounce on my drive while playing golf, but luck is not always good. Often, luck is not on my side especially on a day at the golf course when my golf balls always seem to take a bad bounce into the water. I have had many experiences on the golf course and while hunting that are extremely lucky. One moment in particular stands out to me the
Compare and Contrast the Army Problem Solving Model (Process) with the Rapid Decision making and Synchronization Process. (C100)
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Although successful, it’s important to recognize what went well and what could have been done better so you will improve your business by learning from past experiences. Looking back on the past implementation, I have identified some strengths, weaknesses, improvement opportunities, potential threats, and finally areas where luck may have dictated your projects result.
To understand the importance of addressing conflict, it is important to understand the definition of conflict and what impacts, both positive and negative, it can have on the organization. Conflict begins when one party believes the actions or lack of actions is having or will have a negative impact on the actions or outcomes of another party or the organization (Robbins & Judge, 2015). Conflict can have a positive impact, as it may offer the opportunity for the two parties to discuss their concerns and work out a viable solution that can be mutually beneficial. This is considered functional conflict. Dysfunctional conflict is when the disagreements or conflicts hurt production or performance (Robbins & Judge, 2015).
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Critical thinking is associated with various methods and the definition will vary. A business student will look at critical thinking differently from a psychology student. The definition has changed quite a bit over the years; it can be simple and direct, as looking at a situation and asking specific questions and coming up with a conclusion. Educator Diane Halpern’s definition, “Critical thinking is the use of those cognitive skills or strategies that increase the probability of a positive outcome.” Critical thinking is used to describe thinking that is purposeful, reasoned, and is goal directed - the kind of thinking involved in problem solving, formulating inferences, calculating likelihoods, and making decisions. Critical thinking also involves evaluating the thinking process - the reasoning and factors considered before making a decision. Critical thinking is sometimes called directed thinking because it focuses on a desired outcome (Petress, 2004, p. 463).
This paper will define the meaning of critical thinking. I will provide an example of a personal experience when critical thinking had to be used. This paper will also examin the benefits and importance of using critical thinking during the decision-making process.
"Luck" is a short story by the brilliant American novelist Mark Twain. In this story, readers learn about the life of Scoresby, a military hero, through the depiction of a clergyman who was once an instructor in a military academy. This was actually a story within another story. As a matter of fact, an unnamed narrator retells the story he once heard from the clergyman. This story is told in the first person point of view. In the first person point of view, the narrator participates in the