Video seminar by Eli Goldratt on today's economy

Notes with my interpretation from Eli Goldratt's February 09 video seminar on today's economic 'meltdown' and the Theory Of Constraints.

Today's Business Opportunities

The key constraint of today's business is not in the market. It is in the policies and processes internal to a company.

Eli identifies 2 focus points:

• Communication between levels (vertical)
• Synchronization between functions (horizontal)

Strategy & Tactics

Alluding to the Strategy & Tactics Tree of the Theory Of Constraints, he identifies a model for understanding the disctintion and use of strategy and tactics.

• What is strategy? The answer to the question 'what for'?
• What is tactics? The answer to the question 'how'?

Both questions are asked in each instance. Both strategy and tactics are defined together as a couplet.

Strategy is thus not a 'long-term' view compared to a 'short-term' view which is often thought of as tactics. Instead, each view, long, medium, short, micro, or whatever, has both a 'what for' and a 'how', both strategy and tactic.

Lisa Schienkopf's strategy and tactics questions.

1. What am I / are we responsible for accomplishing?
2. Why is what I'm responsible for really needed by the organization to improve vis-?-vis its goal?
3. What must I/we do to accomplish it?
4. Why will this action/activity achieve it?
5. Why is accomplishing this at risk without providing another level of detail for my subordinates?
6. How does it link with what others are responsible for accomplishing?

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