This is the recording of a live conversation I had with Dr. Efrat Goldratt-Ashlag to explore how the principles from the Theory of Constraints can be applied to multi-project environments (Digital transformation efforts) to deliver projects on time, on budget and on spec.

She shared insights from her latest book (now available in Worldwide) Goldratt’s Rules of Flow to help us understand how to increase the velocity and throughputs of project deliveries within our organisation.

We covered the following topics in the conversation:

• Introducing the work of Dr. Efrat Goldratt-Ashlag
• Do 70% of projects really fail to achieve their goals? Why? And how can we address it?
• The importance of triage in a multi-project environment instead of focusing on improving productivity
• Whose job is it to identify the constraints in a multi-project environment?
• Why is flow important in the Theory of Constraints? And what are the fundamental rules of flow? The importance of Full Kit.
• How do organisations make the shift from their current operating model to the ToC model?
• My learnings from the book - Goldratt's Rules of Flow
• When you want to go farther, focus.
• The psychological cost of the wrong assumptions that run multi-project environment
• What is a Full kit?
• How to deal with an external customer and run projects the ToC way.
• Does this work for projects with no clear end date?

You can watch the session delivered by Rami Goldratt @ https://youtu.be/YIc1U1LUDE0?feature=shared&t=9660

#TheoryOfConstraints #ToC #CriticalChain #ProjectManagement #ontime #onbudget #onspec #DigitalTransformation #EliyahuGoldratt #Goldratt 

You can connect with her via LinkedIn @ https://www.linkedin.com/in/dr-efrat-goldratt-ashlag-44046212a/

You can find Dr Efrat's book: Goldratts Rules of Flow @ https://amzn.to/3Q6mqik

You can find Dr. Goldratt's book: The Goal @ https://amzn.to/3MBsYEL

My website: https://rmukeshgupta.com

Connect with me: https://linkedin.com/in/rmukeshgupta

My books: -

Thrive: https://amzn.to/493brhZ

Your startup Mentor: https://amzn.to/3FrBbHr

Being Happy: https://amzn.to/3QsE4xO

In this episode of the podcast, we host the inimitable and unapologetically ambitious, Sophie Krantz. We had a conversation about leadership and the need for economic growth and opportunity. We discussed the possibility of creating positive change in the world through frameworks like exponential organization (ExO) and coaching ordinary people to do extraordinary things.

In this wide ranging conversation, we discussed

- The importance of seeing the world as one and the need to overcome fears and limiting beliefs to achieve breakthrough growth.

- The value of immersive experiences and tapping into personal passions to create unapologetic ambition and confidence in tackling global problems.

- The difference between a limited and expanded worldview, with Sophie encouraging people to look for colour in the world and to tap into their potential to create something new.

- The power of generative AI and the importance of exploring the world and pushing outside of one's comfort zone.

- The importance of expanding limitations and having ambition in leadership.

- The need for role models and the importance of creating a space for people to play and experiment in order to tap into their creativity

- The importance of expanding one's perspective and mindset in order to succeed in a world surrounded by smart machines and intelligent algorithms.

- The importance of continuously learn and experiment, and to reach out to others for support and knowledge.

We had a conversation about experimentation with generative AI, the oneness of the world, and the importance of concrete stories in relating to ideas.

Books discussed in the video:

Exponential Organisations 2.0 by Salim Ismail: https://amzn.to/492yYzH

Connect with me - https://www.linkedin.com/in/rmukeshgupta

Connect with Sophie - https://www.linkedin.com/in/sophiekrantz/

Sophie's website - https://www.sophiekrantz.com

My books:

- Thrive: https://amzn.to/493brhZ

- Your startup Mentor: https://amzn.to/3FrBbHr

- Being Happy: https://amzn.to/3QsE4xO

In this conversation with @DrAlanBarnard, we explore how the principles of the Theory of Constraints (originally created by Dr. Eliyahu Goldratt) can be used to not only drive significant business results but also to help us make high stake decisions as leaders.

In this freewheeling conversation, we explore Dr Barnard's story about how he met with Dr. Goldratt and his famous motto. We explore who is a true expert

He shares how he got into an argument with Dr. Goldratt and how he then formed a life long connection with Dr. Goldratt.

He shares his most important lessons from all his interaction with Dr. Goldratt

What is a Life Goal? The definition of a Life goal is a "Dream taken seriously

- Dr. Eliyahu Goldratt

I will not sacrifice my goal for anyone and I will not sacrifice anyone for my goal

Dr. Eliyahu Goldratt

He also introduces the concept of Theory of Constraint then, shares what is a constraint and the different kinds of constraints that we might face in any given system (Market/demand (external), Capacity (internal), Supply (external), Cash (Internal), Management Attention (internal) and probably the most crucial in any business.

He also shares two ways to improve a constraint and therefore significantly improve your impact. He shares the importance of "Flow" or "Throughput" in any given system and how "Flow" is two-dimensional. He also shared the importance of understanding and increasing flow (time and velocity). He also shares different Ways to improve any given system.

He also shares the story of how Tata Steel UK went from 1 Million Pound loss per day to 1 Million pound profit per day using Theory of constraints

We constantly see good people make bad decisions. He explains why this happens and how to avoid them. He talks about what he calls as the agency equation.

We then move into the realm of individuals and he shares how to identify what constrains our belief systems? Really? The power of questions - Really or unless.

He also shares insights about how our minds work? He talks about the importance of learning prompt engineering to engage not just chatGPT but ourselves as well.

He also shares insight on how to ask good questions as a leader and the 2 steps to make a breakthrough in any field. He also shares insight on how to measure people's performance and its impact on the business.

Dr. Goldratt had started a movement called "Viable Vision". He shares more information about this viable vision and how can one go about achieving the same in their business.

We then understand his own learning process and the key people he learns from - Herbert Simon and Nassim Nicholas Taleb.

What is so obvious to him that all of us miss?

We don't usually learn from experience but from Experiments

Dr. Alan Barnard

In Summary: We need to remember the 4F's - Flow, Focus, Finish and Fast Feedback to become influential and impactful leaders.

More information about the resources we mentioned in the conversation:

1. Goldratt Research Labs: https://goldrattresearchlabs.com

2. Dr. Efrat Goldratt-Ashlag:   / dr-efrat-goldratt-ashlag-44046212a  

3. My interview with Dr. Efrat:    • Delivering Projects on time, on budge...  

Books discussed in the video:

Goldratt's Rules of Flow by Dr. Efrat Goldratt-Ashlag: https://amzn.to/3FrAa25

The Goal by Dr. Eliyahu Goldratt: https://amzn.to/3Q0iXSe

Antifragile by Nassim Nicholas Taleb: https://amzn.to/3s0ieIK

Blackswan by Nassim Nicholas Taleb: https://amzn.to/40d9ewz

Apps mentioned by Dr. Alan Barnard: https://harmonyapps.com/apps/harmony-...

Dr. Alan Barnard's podcast - https://dralanbarnard.com/category/im...