Tuesday, January 13, 2015

An enlightening Session on ‘Theory of Constraints’ by Air Marshal Pramod Vasant Athawale (Retd)

How to run your business by its Constraints

Department of Management Studies, IIT Roorkee has always believed in improving, challenging and increasing knowledge. The department has left no stone unturned to achieve the same. Taking its cognitive approach forward department has successfully organized a guest lecture on ‘Theory of Constraints’ by its esteemed guest Air Marshal Pramod Vasant Athawale (Retd).

                     The lecture profoundly entwined the application of Theory of Constraints in various management decisions. Insights were shared to describe that a chain is no stronger than its weakest link and that processes, organizations, etc., are vulnerable because the weakest person or part can always damage or break them or at least adversely affect the outcome. Air Marshal Athawale recounted various real life events to explain as how to identify constraints within the system. Various implications of identifying the constraint within the sphere of control and sphere of influence were discussed. The importance of identifying the constraints was explicated in a very simple and perceivable way.

                     The session was full of involving discussions which were followed by exercises to make the students understand the application of theory of constraints and how one can use it to solve various issues one might face in the business. Air Marshal Athawale described the importance of goals and encouraged to manage as per the defined goals of the organization. The session has been really fulfilling to provide a sound perspective to the knowledge of the students. DoMS, IIT Roorkee has always been a hub of knowledge sharing. The same spirit will prevail in the times to come.