The Big Idea: identify the bottleneck. Relieve the bottleneck. Repeat. The Goal is one of Jeff Bezos’ three required books for his senior team. (Also, Effective Executive and Innovator’s Dilemma) Cost accounting conventions lead businesses to focus on the wrong things. The goal of a business is to make money. Therefore, every operational metric should…
The Big Idea: Understand the principles of factory production and apply them to business management. Chapter 1: The Basics of Production Focus efforts on identifying and fixing the bottleneck (limiting step) in the workflow Chapter 2: Managing The Breakfast Factory Define good KPI’s. Understand JIT inventory management. Automate things to improve work leverage. Chapter 3: Managerial…
THE BIG IDEA Scaling is a ground war, not just an air war. Scaling requires grinding it out; building the organization brick by brick, day after day. One more metaphor…it’s a marathon, not a sprint. META LESSONS 1. All scaling issues are basically the same across all organizations and industries. 2. Scaling entails more than…
This one’s a classic business book by the dean of business thinking. Effective executives know where their time goes Effective executives focus on results Effective executives build on strengths Effective executives focus on the 80/20 Effective executives make effective decision 1. Effective executives know where their time goes people can be very time consuming be…