“The Goal” is a book written by Eliyahu M. Goldratt and Jeff Cox in 1984. The book is very famous in the management field. In 2004, the author published the third revision of it and celebrated selling over than three million copied of it around the world. Also, the goal book is taught in over than 120 collages. The book was recommended by my professor to be read and summarize as an extra credit. The book is about a plant manger in a manufacturing company, Alex, who was hired in this position six months ago. His plant was suffered because it was running with neither profitability nor productivity. His boss, Mr. Peach, told Alex that the plant will be shut down in three months unless shows some improvements. Alex then, meets with …show more content…
Otherwise, the plant will be closed. The problem starts off when his plant cannot ship quality products on time and with a competitive price. A few days later, Alex get an e- mail from his boss, Mr. Peach, the division vice president invited him for an important meeting in the headquarter with all plant managers and his employees. Mr. Peach began the meeting by talking about the bad performance in the first quarter. During the talk, Alex found a cigarette in the pocket of his jacket. The cigarette reminded Alex of the conversation between him and Jonah, a physics professor, at the airport coming back from a business trip. Professor Jonah believes that the problem of Alex is because he does not know the goal of his company. Alex took a decision to stay in his position for the next three months and started looking for Jonah. Alex got Jonah’s phone number from his friend who knows about Jonah. Alex talked with Jonah eventually. The conversation with Jonah helped Alex to define the main goal of the company, Making Money, and put some measurements to evaluate his progress toward the goal. The three measurements are: throughput, inventory and operational expenses. Also, Jonah has an opinion about the robots in the plant. He thought that robots do not increase
The Goal by Eliyahu M. Goldratt is about a plant manager named Alex Rogo and his quest of knowledge to make his company profitable again. Alex does this while battling family issues at home with his wife. In the beginning, Alex has no idea where he is going to start or even understand why they are losing money. Everything that he reads according to the numbers of the company says that he is running a very efficient company.
Tad Pierson had recently been appointed as a project engineer. As project engineer for one of Agrigreen’s plants, he is responsible for the operation of the plant surveying group. For some time now Tad had been aware of some performance, safety, and conflicts with personnel within the group. These issues appear to be escalating in frequency and are causing Tad concern regarding the safety of the employees, the production schedules, and possible actions that he might need to take.
Some people say that with dedication, persistence, and time people can accomplish any goal. Others say that people are limited in what they can accomplish and need to be realistic when setting goals.
Jonah asks Alex if the robots have increased the amount of products shipped per day. Secondly, he asks if the robots have reduced the plants people expense. Finally, Jonah asks if the robots have decreased the amount of inventory that the plant has.
Throughout the entirety of the book, The Goal: A Process of Ongoing Improvement, author Eliyahu M. Goldratt focuses on demonstrating the importance of the Theory of Constraints and what corporations should do in order to increase profits. A major term used throughout the novel is “throughput,” which according to the text, is “the rate at which the system generates money through sales” (Goldratt 60). Once a bottleneck machine in a production process is identified, there are multiple ways to increase throughput without expanding the physical capacity of the machine.
company should be, which the answer is to make money. The book is about transforming
When goals are established there are a set of rules put in place to meet a certain criteria. Depending on the severity of the goal, one could establish policies that go against the system. In the novel “The Goal” by Eliyahu Goldratt, Alex does just that. Alex the main character of the novel is put in between a rock and a hard place. There are only two ways out, which are to either quit or to fix the problems in a span of 6 months. There are numerous ways and processes that are implemented for the factory to get out of the slump, but being that this is from a managers perspective I have gained knowledge on three major ideas that will definitely impact my managerial thinking for the rest of my life. Those are Mentorship, Fact Finding, and Policies.
Two months had passed and it had still been the same routine. Westley was just hoping that he could make it through the day when there was an earsplitting noise coming from the other end of the mill. He rushed to check. One of the machines had exploded and cotton was flying everywhere. The manager was running around frantically like a fox chasing after a rabbit and everyone else either stood horrified or ran out of the mill. One thought came to Westley’s mind: his friends! He didn’t know where they were or what had happened. All he knew is that both Thomas and Richard worked on machines. He started to run around frantically.
While she mentions company goals in a few instances there was nothing really that directly addressed the principles of goal setting, unless you read in between the lines and apply them this way. One of the very purposes of this paper was to outline how HIM can detect, identify, analyze, and solve problems in the work environment which infers that they are trying to reach some form of a goal.
The story begins with Alex arriving at work one morning to find his Division Vice President, Bill Peach, waiting in his office. Bill Peach is there to confront Alex about a long overdue order, after a rather uncomfortable dinner meeting with the customer the previous night. Peach demands the order be completed and shipped that very day, and even threatens to shut the plant down if they do not become profitable within three months.
Four years later and McGuffie had become not only a boss, but a mentor of sorts for Leo. If anyone could help him get a car for the trip, the mechanic could. Leo inhaled as he entered the shop, taking in the familiar smell of oil and tires. The shop was his home away from home-- or rather, just his home in general. Through his friend problems, first love, and moving out to finally live on his own, the shop (and by extension, McGuffie) had been there for him to fall into. Losing himself in his work was the only way Leo could step out of his masquerade for a few precious moments. This repair shop had saved him.
The Goal is an international bestseller business novel. It was authored by Dr. Eliyahu M. Goldratt and Mr. Jeff Cox and was first published in 1984 by The North River Press. It gives a significant insight into the day to day life of an operations manager and common challenges occurring in business practices and thought processes of the mangers. The story describes the journey of Mr. Alex Rogo, who works as a plant manager at UniCo, a manufacturing company. The story includes following Characters:-
Established and operated since 1921, Oconomo plant of the Lamprey Inc. has been the workplace of about 520 people. This plant is important to the society because it has created employment opportunities to local residents. However, the plant is in the verge of shut down. Jack Ripon , Chief Executive officer of Lamprey Inc. is concerned about higher cost of operation which has decreased profit for the company. The plan is to close down the Oconomo plant and establish a new plant in Mexico. Jack wants Jim Malesckowski, President of Wisconsin Speciality Products Division of Lamprey Inc. to find out about the operational costs of establishing a new plant in Mexico and submit the report to him. Jim thinks that the action to shut down the Oconomo
According to Goldratt in his book The goal he mention that every organisation should have goal. He has a very straightforward definition of the idea of the goal of an organisation. The goal of an organisation is to make money. There are three measure of the organisation ability to make money
A huge part of any company’s foundation is their ability to plan and obtain goals. As a very goal oriented person, I understand the importance of goals and how hard it can be to set and accomplish them. The first topic covered in Chapter 5 was the division of three different types of goals, which