The Useful Business Concepts on The Goal by Eliyahu M. Goldratt

Learning objectives: Enjoy reading one of the most famous books in OM and think hard how you can apply the concepts to your business.

Instruction: Purchase or rent any edition/any language of The Goal by Eliyahu M. Goldratt. Read it over. Explain three key concepts that your group thinks most important. (Don’t just copy the key words from the book. Digest the ideas and explain them in your own words.) Next, propose a plan for improving the operation of the company of your interest using these three key concepts. (Note: Choose one company that any of your group members belong to, previously belonged to, or are interested in working at.)
Each report will be evaluated on a pass/fail basis. 2% weight will be awarded for an excellent/exceptional report. 1% weight will be awarded for a mediocre report. 0% for a report mostly copied from internet or somewhere. The quality of the report will be used as a measure to judge the final letter grade when a student is on the boarder of two letter grades. Each report will be reviewed by SafeAssign to detect any potential plagiarism, which may lower your group members’ final letter grades by a half unit (e.g., B => B-). If SafeAssign reports a higher % score (>40%), you must resubmit your group report. Even if you cite an external source, you need to digest and express ideas in your own words.