On February 6, 2018, Luxinnovation, in collaboration with BGL BNP Paribas, organised a conference and invited Rami Goldratt, CEO, and Dr Yishai Ashlag, Senior Partner, both of Goldratt Consulting to give the keynote presentation. The main motivation was to hear unique insights into the TOC (Theory of Constraints) process for business innovation in an age when companies often need to fight for success in a mature and saturated market where competition is fierce.
Goldratt Consulting is well known around the world for working with companies with a focus on “innovation that matters” and “making the right change happen”. Attendees at the event, held at the BGL BNP Paribas Headquarters and organised by Luxinnovation, learned about the TOC (Theory of Constraints) in a long talk by Rami Goldratt, CEO of Goldratt Consulting who, following his presentation, took the time to speak to individuals with any questions they had relating to their businesses.
Goldratt’s focus is that, “Over time markets become saturated, and products and technologies mature. To stay in the game, companies must continuously develop new value propositions for their markets. To assure a company’s livelihood, new value propositions must be real breakthroughs. The companies that are unable to differentiate are relegated to fighting for business based almost exclusively on price.”
Business improvement based on innovation
According to Goldratt Consulting, a world-leading pioneer in the Theory of Constraints (TOC), the key is to develop new value propositions that radically remove barriers and limitations for customers through innovation. This is a process relatable to Luxinnovation and the people and businesses it helps to support.
Laurent Federspiel, Director Sector Development & Cluster Initiative from Luxinnovation stresses: “We invited Goldratt to Luxembourg to do a specialised workshop for us and at the same time we were pleased to offer to clients, cluster members and interested start-ups a chance to meet Rami Goldratt, a renowned speaker during the business innovation conference in the evening.”