search query: @indexterm CORPORATE STRATEGY / total: 2034
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| Author: | Umble, M. M. Umble, E. J. |
| Title: | How to apply the theory of constraints' five-step process of continuous improvement |
| Journal: | Journal of Cost Management
1998 : SEP/OCT, VOL. 12:5, p. 5-14 |
| Index terms: | Organizations Corporate strategy Performance appraisal Costs Theories Models |
| Language: | eng |
| Abstract: | Any element limiting organization's performance relative to its goal is a constraint. Constraints can be either physical, market, or policy ones. The Theory of Constraints' (or TOC's) five-step process of continuous improvement emphasizes strategies that increase the throughput of an organization, as opposed to strategies emphasizing cost reduction. |
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