To ensure you are creating the most value, you need to focus on solving for the constraint. Therefore, it’s imperative to clearly understand what a constraint is. In this blog, I explain what a constraint is and provide real-world examples. In my last blog “the weakest link,” I explained that the Theory of Constraints (TOC) … Continue reading what’s a constraint?
The Theory of Constraints (TOC) may be the most effective business philosophy you have never used (or have never heard of for that matter). Today, as much as any time before, business leaders are overwhelmed with the onslaught of things they think they should pay attention to. Applying the principles of TOC brings clarity to … Continue reading the weakest link
Prior to initiating a significant change, leaders should communicate to employees why their company needs to change. They don’t need to have all the answers. For example, they may not know what to change or what to change to yet? Still, they should articulate why they need to change. It’s quite simple. Change or die. … Continue reading why change?
In this blog, I identify several pitfalls that can stand in the way of creating value. Unless leaders acknowledge these potential pitfalls and take steps to mitigate them, then the idea of creating value is nothing more than a false hope. Through this blog series, I aim to provide constructive advice to creating value. Before … Continue reading false hope
The goal of a for-profit company should be to make a profit now and in the future. That said, there are three other necessary conditions that lead to long-term profit and drive sustainable value. Profit gains can be achieved at the expense of these other three conditions, but rest assured they will be short-lived. In … Continue reading necessary conditions
What is the goal of your company? What should it be? How do you know if projects are contributing to the goal? In this blog, I address these questions and more. Think about a project with which you were associated, either as a leader, manager, or team member. For example, it could be a process … Continue reading begin with the end in mind