A Brilliant Strategy Without Operational Excellence is Doomed Production is an Engine for Profit The production function can be a potent profit-generating machine. Traditionally, managers have regarded the production function as a necessary evil, a prerequisite to the real business of making money. This perspective is widely echoed in textbooks: the goal of production is “to […]
Production: the Key to a Competitive Edge Read More »
“Productivity is the act of bringing a company closer to its goal. Every action that brings a company closer to its goal is productive. Every action that does not bring a company closer to its goal is not productive.” Eliyahu Goldratt The Theory of Constraints (ToC) challenges you to build your company to last – to
A Framework for Strategy; The Ever-Flourishing Company Read More »
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
Theory of Constraints Applied to Strategy Read More »
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
An Introduction to the Theory of Constraints Read More »
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
Theory of Constraints & Strategy – An Introduction Read More »
