Free

Book Review on The Goal by Eliyahu M. Goldratt - Essay Example

Comments (0) Cite this document
Summary
Your Name Prof’s Name Date Book Review of The Goal: Exemplifying Inefficiencies and Their Solutions in the Business World The pedagogy of business can be a difficult topic – there are many things that the successful businessperson must grasp that are completely bewildering when discussed theoretically, but can be understood easily when put into allegory or understood through personal experience of a situation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Book Review on The Goal by Eliyahu M. Goldratt
Read TextPreview

Extract of sample "Book Review on The Goal by Eliyahu M. Goldratt"

It follows the career of Alex Rogo, a trained engineer with an MBA turned manager, who finds that he is having serious problems with a production facility despite seeming to do everything he can, and many efficiency metrics being relatively good. He ends up talking to a mentor of his, and old professor, who helps him, in true Socratic style, to understand where his issues are coming from, while not providing the solutions, which Alex has to work out for himself. The Goal is an excellent teaching tool because it uses real world situations to demonstrate fundamental things that need to be understood by any prospective manager. Probably the most important part of this text is the demonstration of how far Alex managed to stray from good business practices without even realizing it. His fundamental problem was that he did not understand how damaging things that appear small are, nor what the actual goal of any corporation is. He understands fundamentally that he has to make money – but what exactly does that mean? His mentor helps him by telling him explicitly what a successful business looks like – increasing throughput while minimizing operational expenses and inventory (Goldratt 43). It takes Alex some time to understand these concepts, and how they are associated with making money, and his internal thought process (and challenges to the ideas that end up being correct) are incredibly helpful to a skeptical reader’s understanding of the issues involved. Furthermore, this book contains many concrete examples of things that people sometimes find hard to grasp. In one example, for instance, the book clearly explains why the common sense approach that a variety of processes moving at different speeds actually functionally move at the speed of the slowest process, rather than the average speed of the processes. To explain this to the reader, the book shows Alex learning this himself, while observing a Boy Scout troop hiking (73). He observed that the troop actually functionally moved at the pace of the slowest hiker – no matter how fast everyone else moved, the troop could not fully arrive at a destination until that hiker did. This also makes sense in any other process, such as manufacturing. If an object has fifty parts, and all of them take one second to produce, except for one that takes an hour, it takes one hour to produce the object. The book contains many illustrations of counterintuitive ideas such as that, which make it an incredibly adept teaching tool. It also provides concrete examples of the fact that efficiency indicators are not actually good models of efficiency in many situations. In the book, Alex’s plant continually builds up inventory of unneeded parts, in order to keep every part of the plant running, leaving no one idle (84). This, however, is actually an inefficiency – parts are being produces for which there are no demand (which is a cost), and thus parts that are in high demand are in back order (which is also a cost). Thus, counter intuitively, it would be better for parts making unwanted products to remain idle – building up inventory is good for no one. The greatest achievements of the book The Goal are twofold. Firstly, it encourages any reader to critically examine the goal of business, making money, but to also take a step back and examine exactly Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Book Review on The Goal by Eliyahu M. Goldratt Essay”, n.d.)
Book Review on The Goal by Eliyahu M. Goldratt Essay. Retrieved from https://studentshare.org/business/1451119-book-review-on-the-goal-by-eliyahu-m-goldratt
(Book Review on The Goal by Eliyahu M. Goldratt Essay)
Book Review on The Goal by Eliyahu M. Goldratt Essay. https://studentshare.org/business/1451119-book-review-on-the-goal-by-eliyahu-m-goldratt.
“Book Review on The Goal by Eliyahu M. Goldratt Essay”, n.d. https://studentshare.org/business/1451119-book-review-on-the-goal-by-eliyahu-m-goldratt.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Book Review on The Goal by Eliyahu M. Goldratt

Book Review

...? Book Review Unit Introduction First Amendment is part of the bill of rights in United s. According to, Allen& Jensen (1995) Pg 5-8, the amendment prohibits making of any laws in respect to religion, abridge the freedom of speech, impend free exercise of religion, prohibit governmental petition of grievances and right to assemble. Originally, the amendment only applied to laws that were enacted by the congress. On the other hand, freedom of speech is the freedom to speak freely without censorship. It also includes the act of receiving, imparting and seeking ideas or information regardless of the medium used. Allen& Jensen (1995) Pg 5-8, claim that freedom of speech is not supreme in any country and is subject to restrictions... such as...
4 Pages(1000 words)Essay

Book review

... History 371 20 September The Jungle Part One: Summary of the Novel The book tells the story of Jurgis Rudkus, a Lithuanian who migrated tothe United States, hoping to fulfill his dreams for a better life. The story begins with the wedding in Chicago of Jurgis to fifteen year old Ona Lukoszaite, a fellow immigrant. Chapter two details the life of Jurgis and Ona when they were still in Lithuania. It depicts their courtship, the death of Ona’s father and their decision to come to the United States. Jonas Lukoszas, a brother of Ona’s stepmother Teta Elzbieta influenced them to migrate upon hearing how successful the life of a fellow Lithuanian Kojubas Szedvilas had become upon owning a delicatessen in Chicago. With the little savings...
3 Pages(750 words)Essay

The Goal by Eliyahu Goldratt

...? Book Review: The Goal by Eliyahu Goldratt al affiliation Book Review: The Goal by Eliyahu Goldratt The goal IntroductionThe book focuses on a character that is an upwardly mobile executive going by the name of Alex Rogo. The character portrays the images of the character of many business administrators; the character initially works as a project engineer, as a result of the exceptional performance at the work place, Alex climbs the corporate ladder to become the division manager. The factory Alex works for, according to Goldratt & Cox (2004), assembles machinery to be put to use by other factories as components of the final products. The factory hires competent and well qualified staff to ensure that the products they produce... affairs....
7 Pages(1750 words)Book Report/Review

Book Review

...Historical Book Review:” Armageddon” Introduction The manages to bring out gripping drama through this literary work of Armageddon, a book that is well researched and very fascinating. The story captures the events that happened in the final year of the World War II in Europe. He explicitly explores the roles played by the political leaders as well as the military team. Hasting gives a vivid picture of those dark times, brutality of the battle, exhaustion of the soldiers and how the citizens continued to suffer. The story leaves every reader with the desire to read the book more and more (Hasting, 2000 p. 10).He basically wrote this book with the aim to...
3 Pages(750 words)Book Report/Review

Report on The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt, Jeff Cox

...Due: “The GoalEliyahu Goldratt Characters Alex Rogo- manufacturing plant manager, main character 2. Bill Peach- Company executive 3. Fran- Alex’s secretary 4. Jonah- Advisor 5. Lou- chief accountant 6. Stacey- plant inventory manager 7. Julie Rogo- Alex’s Rogo’s wife 8. Bob Donovan- plant’s head supervisor. Introduction ‘The Goal’, in its simplest form, is based on making effective and informed decisions. It is a step by step description of the many misconceptions and fallacies intruding much of today’s society views (Goldratt, 34). The evident lessons learned from this book are on ‘The Theory of Constraints and Bottlenecks’ which are...
10 Pages(2500 words)Book Report/Review

The Goal by Eliyahu Goldratt

..., halving the batch size. 3. Elevate the system's bottlenecks/system's constraint(s) This was done by bringing back the substitute machine for the robot to accelerate the process and also less "effective" routing (Goldratt 307). The Theory of Constraints The Theory of Constraints tells about the constraint decides the throughput of any system. By identifying and improving the constraint it is possible to increase the throughput. By focusing on the bottleneck and making it is possible to increase the throughput and quick, timely delivery of the finished goods at lower price. This gives the competitive advantage of a better performer to the poor performer in the production business. Work Cited: Goldratt,...
3 Pages(750 words)Book Report/Review

Book review the goal by Eliyahu m. Geldratt

...Essay, Marketing Topic: Book review: The Goal by Eliyahu M. Geldratt About the book: Business life and private life can move together like a train that speeds on two parallel tracks and they impact each other for better or worse—this is the message Eliyahu Goldratt articulates in his novel “The Goal.” In a manufacturing plant, if there is problem in one area, it is bound to lead to problems in the other areas as well. The hero of the novel is Alex Rogo who exemplifies the profile of a large number of archetypal people involved in business administration. To some business is mission...
5 Pages(1250 words)Essay

The goal by eliyahu goldratt

... Jonah asks questions whether particular treatments on parts are of any importance. The production managers in the fictional company of Goldratt explain that the department of engineering requires special treatment. I would suggest to anybody who is interested in knowing how to manufacture products to read the book. Works cited Eliyahu, M. The Goal: A Process of Ongoing Improvement. North River Press, 2004 Print pgs 384... Book Report/Review, Management Synopsis The Goal: a procedure of ongoing enhancement is a work of fiction that describes a real thing. This entails the engineering and the process of the production, sales, marketing, and interacting with regional and corporate...
7 Pages(1750 words)Book Report/Review

Book Review of anything by Brian M. Fagan

...a deeper understanding of human behaviors and other anthropological aspects that significantly affected his approach to matters as portrayed in Chaco Canyon where facts, examples, and the flow of ideas extremely indicates possession of extensive knowledge in the subject. In reviewing Fagan’s Chaco Canyon, Lourie states that it is a great book that demystifies the many myths often held about America, a rather mysterious place (p.192). He further states that the book vastly indicates Fagan’s experience and anthropological prowess by drawing on current research on the Canyon people and the Chaco environs. Similarly, Mills explains that the Fagan’s Chaco Canyon is a mesmeric story of people...
7 Pages(1750 words)Book Report/Review

Book Review of anything by Brian M. Fagan

...Chaco Canyon review Introduction Chaco Canyon by Brian Fagan has been referred by many has the Stonehenge of North America. The book’s impressive pueblos or great houses are the world most prominent which as catch the attention of archaeologists for over a century (Fagan, 11-13). The book commences by talking about the well known ancient life in the San Juan Basin and the way climate predominantly rainfall is a factor in subsistence agriculture and population trends. The author further proceeds to explicate how the tree-ring growth patterns permit scholars to build a relative chronology of building and remodelling in the region. The wonderfully demonstrated book with...
7 Pages(1750 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Book Review on The Goal by Eliyahu M. Goldratt for FREE!

Contact Us