Introduction
The theory of constraints (TOC) could be seen as an approach towards the management of operational constraints or bottlenecks so as to achieve set goals and objectives (Wilkinson, 2013). TOC, in the words of Elton and Roe (1998), “explains how to boost the performance of any process that involves a series of interdependent stems… the theory has managers focus on the bottlenecks, or constraints, that keep the process from increasing its output.” Eliyahu Goldratt is credited with the formulation of this particular theory.
Maximizing Organizational Performance and Effectiveness
It is important to note that the focus of TOC on this front would primarily be system improvement. In that regard, in seeking to apply TOC principles, an individual ought to view the whole production system holistically. In essence, TOC has three principles, i.e. “convergence, consistency, and respect” (Wilkinson, 2013). When it comes to convergence, Wilkinson, (2013) observes that the theory’s implication is to the effect that it is easier to manage a complex system as changes to a specific system aspect ends up affecting the entire system. The principle of consistency, on the other hand, indicates that in most instances, flawed assumptions are always to blame for internal conflicts (Wilkinson, 2013). Lastly, the principle of respect makes an implication to the effect that even when they make mistakes or commit errors, human beings deserve respect due to their inherent goodness (Wilkinson, 2013).
It is important to note that in an increasingly competitive business environment, one of the most important objectives of a business entity is turning a profit. In essence, constraints make this objective difficult to achieve. In that regard, therefore, in seeking to further enhance the effectiveness of the production system, the relevance of highlighting the constraint(s) cannot be overstated. As per TOC, there are a number of sequential steps (six to be exact) are key for implementation purposes. In seeking to assess how the theory of constraints can be applied to a system view of the further enhancement of the effectiveness as well as performance of the organization, I will be applying these TOC constructs. To begin with, there is need to not only identify but also highlighting the specific system component that gets in the way of enhanced performance of the system. Wilkinson, (2013) points...
References
Blackstone, J.H., Cox, J.F. & Schleier, J.G. (2008). A Tutorial on Project Management from a Theory of Constraints Perspective. International Journal of Production Research, 47(24), 7029-7046 .
Elton, J. & Roe, J. (1998). Bringing Discipline to Project Management. Retrieved from https://hbr.org/1998/03/bringing-discipline-to-project-management
Martinelli, R.J. & Milosevic, D.Z. (2016). Project Management Toolbox: Tools and Techniques for the Practicing Project Manager. Hoboken, NJ: John Wiley & Sons.
Wilkinson, J. (2013). Theory of Constraints. Retrieved from https://strategiccfo.com/theory-of-constraints/
Srinivasan, M. (2011). Building Lean Supply Chains with the Theory of Constraints. New York, NY: McGraw Hill Professional.
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