bottleneck

The Theory of Constraints – in Plain English

The Theory of Constraints (TOC) is a Quality Management System originally introduced by Dr. Eliyahu M. Goldratt in the book called The Goal (1984). TOC uses the ‘Five Focusing Steps’ which is also termed the ‘Process of Ongoing Improvement’. TOC is powerful in that it is logical and, in many ways, very obvious. Here is [...]

Five Best MBA Books

Thinking of enrolling on an MBA program? Then these five books are essential reads (in no specific order): 1. Michael Porter – Competitive Strategy: Porter’s frameworks are covered on every quality MBA program. The three most commonly taught frameworks are the Value Chain, Porter’s Five Forces Analysis and Porter’s Generic Strategies.

ITIL, Quality Management and The Theory of Constraints

The Theory of Constraints (TOC) as offered by Eli Goldratt is a very powerful conceptual as well as practical tool of which every Business Analyst should be aware. Many MBA programs recommend the reading of ‘The Goal’ (authored by Goldratt) and cover the core elements of TOC in Operations Management modules. Very simplistically, TOC is [...]