What is this Thing Called Theory of Constraints and how Should it be Implemented?

Eliyahu M. Goldratt's work delves into the Theory of Constraints (TOC), a management philosophy that identifies the most critical limiting factor (constraint) standing in the way of achieving a goal and systematically improving it. This approach emphasizes that organizations can maximize their performance by focusing on these constraints rather than dispersing efforts across all processes. Goldratt not only introduces the foundational concepts but also provides a pragmatic framework for implementing TOC effectively in various operational and business contexts.

• Constraints limit system performance: Every system has at least one constraint that restricts its output or efficiency.
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