Business Improvement Expert and Best Selling Author, Dr. Eli Goldratt, Asks Business Leaders, ``Is it Possible to Establish a Significant Competitive Edge without Having a Breakthrough Technology or Expertise in a Limited Niche Market?''.TORONTO -- Goldratt Consulting Ltd., a worldwide leader in management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services, announced that Dr. Eliyahu Goldratt will present his Viable Vision Offer Event at the Sheraton Centre Toronto Hotel on September 26. Dr. Goldratt is lauded as the father of the Theory of Constraints Theory of Constraints (TOC) is an overall management philosophy that aims to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money, both now and in future. (TOC), a comprehensive operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. approach that focuses on improving throughput, reducing inventory, and increasing sales and profits. He introduced TOC in his best selling book, The Goal, which has for 20 years remained a business book classic and is included in the curriculum of major business schools around the world. The Goal has sold more than 4 million copies worldwide and has been translated into 27 languages such as Spanish, Russian, Indian, Chinese and Japanese. Dr. Goldratt's newest innovation, called Viable Vision, promises significant financial results. Says Dr. Goldratt, "When I do a Viable Vision analysis, I am satisfied only when I see how a company can, in less than four years, grow its net profits to be equal to its current net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight ." Sound unrealistic? In the last two years more than 250 companies around the world have started the process to identify and implement their Viable Vision. Many organizations around the world have applied TOC concepts to their operations and achieved significant results, while still remaining within the limits of acceptable risk. However, Dr. Goldratt's research indicates that organizations can attain the full financial benefits of TOC only when the entire organization, including all executive staff, plus sales and marketing, is engaged in the process. Is a Viable Vision possible for your company? During the Viable Vision event, Dr. Goldratt will explain how a company can drive exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. profit growth without relying on new product breakthroughs or focusing on niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. . He will describe the strategy and tactics behind the concept using references from Viable Vision projects around the world. Attending organizations will be offered the opportunity to embark on Verb 1. embark on - get off the ground; "Who started this company?"; "We embarked on an exciting enterprise"; "I start my day with a good breakfast"; "We began the new semester"; "The afternoon session begins at 4 PM"; "The blood shed started when the partisans a 7-step process that begins with understanding if a Viable Vision might be possible. The global Viable Vision schedule and registration for Toronto or future events is available online at www.media3.goldratt.info. |
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