Dr. Alan Barnard, CEO, Goldratt Research Labs is one of the leading Theory of Constraints experts in the world. One of the most common questions he is asked is how do I find the ONE Thing to focus on at any point in time.
Dr. Barnard developed a simple series of 5 questions that he shared in this video that can be used for a single person business or Fortune 500 company to help their leadership team decide what to focus their limited attention on at that point of time.
Hints:
1. You cannot identify a constraint - something that is limiting the organization from improving - without knowing the goal of that organization.
2. A constraint is simply any resource that the organization do not have enough of to achieve a goal.
What resources are needed to achieve any organization''s goal?
Enough Demand for the products or services they provide.
Enough Capacity to meet demand within the tolerance time of their customers
Enough Supply of Materials and other inputs to make enough of the products/services
Enough Cash to invest in materials and other inputs.
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