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Essay / A critical review of the book It's Not Luck by Em Goldratt problems. “It’s Not Luck” highlights the importance of using thought processes in business and in your personal life. Thinking processes refer to a logical, graphical, general and practical method of problem solving and basically includes 3 steps. These steps as described by Goldratt are:1. What to change?2. What to change?3. How to bring about change? It is very clear that the problems encountered in companies are not isolated, but that in most cases they depend on each other and that there are strong links or relationships between them regarding their causes and their effects. So it is important to form or establish a strong cause and affect between them. It is important to identify the unresolved conflict that exists. The process can be illustrated by a conflict resolution diagram or a vanishing cloud, Goldratt (1994). Firstly, a "current reality tree" is widely used to describe and describe the causes and effects that connect all the problems that arise in a specific situation. After this, it will be realized that you do not have to face multiple problems because normally there are only one or two reasons or causes. The thought processes show you step by step how to do this. This is where adverse effects (UDE) come into play. This brings us to what needs to change. If the undesirable effects lead to the root cause, then the root cause must lead to the undesirable effects, therefore “caused by the root cause itself”, Taylor (2003). The resulting current reality tree takes us to the process......middle of paper......rop their inventory levels. Throughout the text of "It's Not Luck" it is clearly evident the great and significant importance of details and accurate information plays a role in making informative business decisions. The information contributes positively to clear and logical decision making and analysis which further contributes to achieving the desired objective and targets. The book “It's Not Luck”, with its three business examples, clearly illustrates that when a constraint is removed, achievements progress. Thanks to this, even normally ambitious goals can be achieved and the goals will be achieved. References: Goldratt, EM (1994) It's not luck. North River Press Publishing Corporation, Great Barrington, MA. Taylor, J. and Ortega, D. The application of Goldratt's thinking processes to problem solving.. 2003
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