On September 18, a masterclass was held with Georgijs Buklovskis: “Speed in Business: How Managers Can Accelerate Processes and Reduce Costs.”
Right at the beginning of the lecture, Georgijs apologized and said that the real title would be different: “Speed in Business: How Managers Can Accelerate Processes and Increase Profit.”
There is a difference, isn’t there? With this title-change trick, the lecturer managed to shift our mindset from the very first minute.
Even back in 1519, when Ferdinand Magellan set out to circumnavigate the globe, most people still firmly believed that the Earth was flat. Today, we can only smile at such a belief.
I wonder how much time must pass before entrepreneurs will smile at the idea that business decisions about which products to produce are made based solely on accounting production costs.
During the masterclass, through practical examples, we experienced firsthand that a product with the “lowest” cost price does not necessarily generate profit. We used the system’s constraints to achieve the best results. And if we can manage to increase the capacity of that constraint, the results can be extraordinary.
If you couldn’t attend the masterclass, I recommend getting Georgijs Buklovskis’ book “Transformation.” It might shatter your beliefs and paradigms—but that’s exactly how evolution happens!
Thank you, Georgijs, for selflessly sharing your knowledge, for being a role model, and for inspiring us!
Reflections on the masterclass were shared by BEA expert and board member Ilze Cerevko
Cart is empty.
