Critical Chain

To understand that you have to read a sequel called Critical Chain, but that sequel is written even worse: at least with The Goal you could imagine yourself as a brave manager finding "Herbies" and putting them "at the front of the troop."

on HN, 2019

The essential thesis is that we commit a fallacy: everyone knows the basic accounting knowledge "profit is revenue minus cost" and that the point is to generate more profit, but the fallacy is to assume "there's nothing that I can do to change revenue, that's the job of sales, so the way to maximize profit is to reduce cost, so we will cut costs across the company and then we will be extremely profitable." And it doesn't work!

on HN, 2019

What follows is a failure of the greedy algorithm: to improve the efficiency of the system, the greedy algorithm says that you make every single part more efficient, and this is also precisely wrong.

on HN, 2019

IIRC, Critical Chain, the 3rd installment in that series, details transitioning from making widgets to a widget-as-a-service business mode. Radical at the time, the preferred strategy today. Talk about foresight.

on HN, 2023

The Goal, It's Not Luck, Critical Chain - Goldratt (OK, easy read)

on HN, 2018

"The Goal" by Eliyahu Goldratt, and other of his books are great books to learn how to think.

on HN, 2019

It is a more concrete example of Systems Thinking that is applied to various environments, manufacturing in "The Goal", marketing and strategy in "It's Not Luck", projects in "Critical Chain", retail in "Isn't it Obvious", and personal improvement in "The Choice".

on HN, 2019