Eliyahu Goldratt

Date of Birth: March 31, 1947

Zodiac Sign: Aries

Date of Death: June 11, 2011

Biography

Eliyahu Moshe Goldratt was an Israeli business management guru, physicist, and author, known for his work in the field of business process improvement. Born on March 31, 1947, Goldratt earned his Bachelor of Science degree from Tel Aviv University, followed by a Master’s degree and a Doctorate in physics from Bar-Ilan University. He began his career in the corporate world by applying the scientific method to business processes, which led to the development of the Theory of Constraints (TOC). This theory revolutionized the way businesses approach problem-solving and process optimization. Goldratt’s most famous work, “The Goal,” published in 1984, is a novel that illustrates his management theories. It became a bestseller and is widely used in business schools around the world. He later founded the Avraham Y. Goldratt Institute to help spread his concepts and methodologies. Over his career, Goldratt wrote several influential books and papers, and he was a sought-after consultant and speaker.

5 Interesting Facts about Eliyahu Goldratt

1. Eliyahu Goldratt was initially trained as a physicist before transitioning into business management.

2. His book “The Goal” has sold over 6 million copies worldwide and has been translated into 35 languages.

3. Goldratt developed the Theory of Constraints, a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints.

4. He founded the Avraham Y. Goldratt Institute to further the application of his theories in real-world businesses.

5. Goldratt’s work has influenced various industries, including manufacturing, project management, and healthcare.

5 Most Interesting Quotes from Eliyahu Goldratt

1. “Tell me how you measure me, and I will tell you how I will behave.”

2. “An expert is not someone who gives you the answer, it is someone who asks you the right question.”

3. “The world of business is not divided into profits and losses—it’s divided into productivity and waste.”

4. “Technology is meaningless unless it is aligned with a business goal.”

5. “Efforts are not a measure of success; results are.”

Highest Net Worth Achieved

At the peak of his career, Eliyahu Goldratt’s net worth was estimated to be around $10 million.

Children

Eliyahu Goldratt had two children, a son named Rami Goldratt and a daughter named Efrat Goldratt-Azoulay. Both have been involved in continuing their father’s legacy through various business and educational endeavors.