Summarize the following content in 5-10 bullet points with timestamp if it's transcript. Title: "The ONE Thing Focusing Cycle that Elon Musk uses in 5 min by Dr Alan Barnard" URL: "https://www.youtube.com/watch?v=0cYdQTh13ps" Transcript: "(00:00) I want to end off in the last few minutes just with a slide that I think sort of captures my insights over the last 30 years of applying theory of constraints I was presenting this recently to the Platinum Group for Tony Robbins they gave me an opportunity to say how would you present theory of constraints in one slide and I realized that to maintain Focus you need to think about one to one pairings in the same way that it was a discovery by Ellie that think strategy tactic don't think strategy tactics there's a a strategy as the objective (00:34) that you're trying to achieve tactic is the best way of getting there how do I maintain that onetoone pairing throughout I have a goal there's work that I have to do to achieve the goal the work follows a process I need resources to man the process the goal puts a demand it tells me what I need of each resource and then I can compare it with what I have any resource I don't have enough of is a constraint it's a flow rate constraint if I get more of that I could have more of the goal but there's also a flow time (01:13) constraint sometimes I have enough but I I'm not doing it fast enough so now I'm plotting out my total lead time there can you notice the the little cycle times of ABC is a small fraction the majority of the time is lost in backlog or queuing and I'm going what's my flow time constraint so I end up with what is a constraint and this could be at a system level it could be at a department level it could be at a process level the de the goal of the system is placing a demand on my department what don't I have enough of then I go one constraint (01:48) one problem there's now a gap between what I have and what I need perito principle applies it's fractal it applies on itself what does it mean 20% of 20% give me 80% of 80% of that Gap I can apply it again one problem typically explains 51% of that Gap that's the one problem I'm looking for simulation is a great way to find out what that one problem is now I have the problem I now go to the next bearing one problem one conflict problem solving is finding a solution to a problem Innovation is finding a solution (02:30) to a problem without tradeoffs writing out my procon cloud in the form of I I feel pressured to implement the solution to solve the problem but I have an alternative either the status quo or another alternative each of these options of pros and cons the listing of the pros and cons helped me to understand the tradeoff helps me to understand why we get stuck why we might overreact or underreact and then I'm going to the next bearing which is now I have one conflict I'm looking for one Innovation find the one thing that can (03:05) give me all the crows without any of the major cons that's true Innovation that's what's embedded into our procon Cloud method is what's the important problem what's the conflict what's the Innovation what's all the yes butts from the stakeholders what do I have to add and then I go from Innovation to one experiment I'm doing the experiment I'm testing out this Innovation and that's again where where the simulation models come in because they can allow us to test that hypothesis about what the solution is to the one problem in a very (03:41) lowcost lowrisk way without taking major risk for the company and what I want to check is is the problem solved and if it is then I repeat the cycle next problem or next constraint and I can apply this process at the system level or any subsystem level I hope that makes sense to everybody if you're a subsystem doesn't matter how big the question is your goal you can't determine the goal the goal has been decided on you have to understand that goal puts a demand on your department or your process do you have enough are you doing it fast enough (04:23) which constraint do you have do you have a flow rate constraint where you need to do more or do you have a flow time constraint where we have to do it faster to meet the requirements of the system regardless of which type constraint what's the problem either the problem that's causing you to lose frut we must stop doing this focus on the highest value added or simply get more it's elevation conflict or if it's a flow time constraint what's causing the most delay and that's a cycle that we go through I hope that was useful I'm (04:53) looking forward to all the comments and questions I'm sure that there's going to be a lot of challenges as well thank you"