Almost all decisions based on cost accounting are utterly wrong.
Eliyahu GoldrattRead
You need collaboration of its people; it's the only way to improve a company - can you ignore that? You need a win-win for every sub-group, which will ensure exponential growth for a company.
Interpretation
Collaboration among all individuals in a company is essential for improvement and growth.
This quote emphasizes the importance of teamwork and collaboration within an organization. Eliyahu Goldratt suggests that to foster improvement and achieve exponential growth, it is vital for every subgroup within the company to work together towards a common goal, creating a win-win situation that benefits all involved.
In practice
In a corporate meeting discussing team dynamics.
Almost all decisions based on cost accounting are utterly wrong.
Every situation can be substantially improved; even the sky is not the limit.
Good luck is when opportunity meets preparation, while bad luck is when lack of preparation meets reality.
If you want people to take action,you must refrain from giving them the answers.
Leadership is a series of behaviors rather than a role for heroes.
Many African leaders refuse to send their troops on peace keeping missions abroad because they probably need their armies to intimidate their own populations.
In war, discipline can do more than fury.
To become truly great, one has to stand with people, not above them.
The difficulty with businessmen entering politics, after they've had a successful business career, is that they want to start at the top.
There are only three measurements that tell you nearly everything you need to know about your organization's overall performance: employee engagement, customer satisfaction, and cash flow...It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.
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