For 30 years I’ve believed that the Theory of Constraints (TOC) processes are very effective ways for a business to make substantial improvements.
So what does TOC have to say about the Covid-19 crisis?
I’d been planning to expand on this myself but then I found these videos on YouTube on the TOCExperts channel. I should warn you that they are all over an hour long but you have the opportunity to start learning how to apply TOC thinking to your business.
This is what’s covered
Video 2 – Thinking About The Future
There are a few technical issues at the start of this video so you might want to jump to the 4 minute mark.
Video 3 – Post Covid-19 Scenarios and What You Can Learn From Them
I hope you find these helpful.
Books On The Theory of Constraints
If you’d like to know more about the Theory of Constraints, I recommend the following books as good places to start.
The full title of this book by Lee Freeman-Shor is
“The Art of Execution: How the world’s best investors get it wrong and still make millions in the markets“.
In my review on Amazon.co.uk, I rated this book at the Five Stars level. This means I think it is Excellent.
Here is my book review.
This will change the way you invest (if you’re sensible)
This is a must read book for anyone who invests in the stock exchange by buying individual shares.
Based on the experience of running a Best Ideas unit trust where well known investors were given a large amount of money to invest in a small number of companies. He saw some live up to their big reputations but others stumbled badly so he started to investigate why by looking at their investments and their trading habits. [continue reading…]
a rating of Four Stars. This means I think it is Good and Well Worth Reading.
Here is my book review.
A book you need when things are tough for your business
It makes sense to consult a man who has been advising small businesses on how to use low and no cost marketing weapons since the mid 1980s when times are tough.
The essence of Guerrilla Marketing is to use time, effort and imagination to replace money in the marketing of a business. I particularly like “imagination” since time and effort both have their downsides. [continue reading…]
Problems appeared in the world finance systems in 2007 related all the way back to mortgages given to poor people in America who were unlikely to be able to repay the loans. These mortgages were packed up, divided and sold into the finance markets across the world.
My intent is not to give a big explanation of what happened and why. If you want more details, I have provided links to Wikipedia. My objective is to help you to think about the future but you may benefit from reminding yourself about the recent past.
I mentioned the efficient market hypothesis earlier. Too much faith in how well it works by policy makers and regulators has been blamed for the build up of the bubbles that caused the crash. [continue reading…]
A small business coach and advisor based in Birmingham, with over 35 years business experience, including more than 20 years as a self employed consultant/coach.
My main business qualifications are:
– Chartered Accountant
– Certified Guerilla Marketing Coach
Main interests are in marketing, business strategy / planning and performance measurement and how these can be combined to get businesses and business owners unstuck.
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