Definition: the Theory of Contraints is a management and problem solving philosphy that views any system or organization as being limited in fully achieving its goals by a bottleneck, the weakest link in the critical chain, a 'constraint'. |
More on problem solving: Catch-22, E5 Approach, Evaporating Cloud, Heuristics, Hypothesis Testing, more on problem solving... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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