5 Steps in Decision Making based on First Principles - Elon Musk's method
+ a video on Step by Step Implementation of 5S
1 Article for the week:
I saw a video where Elon Musk explains his decision making based on First Principles. Some of the points are similar to the concepts in Lean Manufacturing
Here are the 5 Steps:
Question the Requirements
Identify the Problem / Root Cause. Ask Why 5 Times to understand the requirements
Remove Unnecessary Process Steps
Remove Non-Value Added activities (Wastes)
Simplify or Optimize
Keep it simple, less complicated.
Accelerate / Reduce Cycle Time
Automate
Standardize the process
Here is the video of Elon Musk talking about his Decision Making:
1 Video for the Week:


