Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Expand
titleThat is actually a huge relief from a management point of view

If you think about it - wow!

Think about what companies often do instead of this. We run around trying to fix everything, all at once. The theory of constraints tells us that all we need to do is get really good at identifying the biggest bottleneck and solving that. Then rinse-repeat - find the new bottleneck.

Don’t run around like a headless chicken trying to fix every problem.

Focus on finding the biggest bottlenecks and solve them, one after another.

video2727421730.mp4
Expand
titleAfter you solve the first bottleneck, find the next biggest one and solve that, repeat-rinse

What’s really cool about this is you have the power of compounding efficiencies.

Each bottleneck increases the efficiency of the process by a certain percentage.

Combine these together and they compound.

...