Rich Schefren is one of my business heroes, and in this 10-minute video, he talks about how you can use the Theory of Constraints (TOC) to identify what’s holding you back from the success you want. The video is an extract from a much longer video.
I’m a big fan of the theory of constraints – and have been since I read the book called The Goal by Eliyahu Goldratt in about 1990.
More than ten years ago, Rich produced an expensive information product based on the Theory of Constraints called the Guided Profit System. In particular, this focused on the TOC Thinking Processes.
The full title of this book by Eliyahu Goldratt is
What is this thing called Theory of Constraints
In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good.
Here is my book review.
An important stage in the development of TOC as it focuses on the thinking processes
The TOC Thinking Processes were introduced to me in the business novel “It’s Not Luck” as it looked at dealing with market constraints. [continue reading…]
The full title of this book by Nerius Jasinavicius is
From Workplace to Business. The beginning
In my review posted on Amazon.co.uk, I gave the book a 2 Stars rating. This means it is Disappointing.
Here is my book review.
Theory of constraints for small businesses
The focus provided by the Theory of Constraints (TOC) can make a major impact on the performance of a business but much of the advice available is targeted at the huge corporations. [continue reading…]
The full title of this book by Dee Jacob, Susan Bergland and Jeff Cox is
Velocity: Combining Lean, Six Sigma and the Theory of Constraints to Achieve Breakthrough Performance – A Business Novel
In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good.
Here is my book review.
TOC is at risk but can it fight back?
Jeff Cox co-authored “The Goal” with Eli Goldratt. While Goldratt was the genius behind TOC, Cox was responsible for the tight, fast-paced story. Together this made that book gripping intellectually and satisfying to read. [continue reading…]
A month ago, I wrote about how the Covid-19 crisis is making constraints blindingly obvious. These constraints limit the performance of a business but even when the crisis quietens down, constraints in your business will still exist. They will just go back into the shadows.
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.
Video 1
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 Goal by Eliyahu Goldratt and Jeff Cox – This brilliant novel is where it all about as TOC is applied to a struggling manufacturing business.Goldratt has written other business novels that look at the TOC Thinking Processes (It’s Not Luck), project management (Critical Chain) and the retail industry (Isn’t It Obvious) but I feel The Goal is the place to start.
Forget the Urgent! by Matías Birrell and Javier Arévalo –
Absolute Certainty by John Haylock – This time the business novel is applied to an accountancy practice after learning TOC ideas from a web designer client.
The full title of this book by Gerald Kendall and Gary Wadhwa is
Dentistry with a Vision: Building a Rewarding Practice and a Balanced Life
In my review posted on Amazon.co.uk, I gave the book a 4 Stars rating. This means it is Good to Very Good if you want to read about how to apply the Theory of Constraints to a small service business. It’s a 5 Stars Rating if you’re a Dentist.
Here is my book review.
Theory of constraints applied to a small service business
This book is based on improvements in a dentist business. For me, this is just an example of how the theory of constraints (TOC) can be applied to a small service business. [continue reading…]
I was a consultant, small business coach and advisor based in Birmingham, with over 35 years business experience, including more than 20 years as self employed.
My main business qualifications are:
– Chartered Accountant
– MBA
– Certified Guerilla Marketing Coach
My main interests are in helping business owners who are stuck get unstuck by thinking more clearly about their issues and possible solutions.
I no longer provide professional business coaching but I will be sharing more ideas on my blog and will continue my popular business book reviews.
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