mark woeppel

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Transform Your Organization with a New Way of Thinking about Strategy; The Ever-Flourishing Company

“Value is created by removing a significant limitation for the customer, in a way that was not possible before, and to the extent that no significant competitor can deliver.” Eliyahu Goldratt The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the …

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Theory of Constraints Applied to Strategy

The Gestalt of ToC “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.” – Isaac Newton The Theory of Constraints. What sort of management strategy is that? Who calls a management approach a “theory”? And “constraints”; isn’t that the same thing as a “bottleneck”? If you’ve read Eliyahu …

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An Introduction to the Theory of Constraints

Decision Making – Focus on the Goal Almost every manager is aware of Pareto’s law, the important few – the trivial many which is often thought of as the 80/20 rule. 80% of results are generated by 20% of the actions. To improve your effectiveness, one only need to focus on the 20% and you’ll get …

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Theory of Constraints & Strategy – An Introduction

The Gestalt of ToC “Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.” – Isaac Newton The Theory of Constraints. What sort of management strategy is that? Who calls a management approach a “theory”? And “constraints”; isn’t that the same thing as a “bottleneck”? If you’ve read Eliyahu …

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Spot Delivery Problems Early – Part 1: Governance

“I often say that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely, in your thoughts, advanced to …

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Is Time Equal to Money? Part 1

We’ve all heard the expression that time is money, but is it true? I don’t think so. What does it truly mean? Does time equal money in my project? If I lose time, I waste money? or If I delay, I get the money later? If it’s the first definition, you are saying, money is like time. If …

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Top 4 Project Management Challenges & How to Solve Them

So many of us have often heard that “a failure to plan is a plan to fail,” so we grow confident that successful planning leads to successful project completion. The old adage isn’t necessarily untrue. Having a plan is crucial. But research shows that the common approaches to project management fail to produce the outcomes that …

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Where is Your Project’s Uncertainty?

Two Sources of Project Uncertainty Projects, by their nature, are uncertain, but not all uncertainty can be treated the same way. Knowing the where your project’s uncertainty lies will help you pick the right approach to managing your project and delivering the best outcome for your team, your customer and the project owner. Many projects are …

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The Most Important Project Measurement; Looking Foward

When your project is in trouble, you must change the way it’s working. Change the behavior of your team. The most important project measurement is not whether it is arriving on time; that train has left the station. To arrive on time, you must stop losing it. To stop losing time, you must change the behavior of your team. …

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