Welcome to this series on the Theory of Constraints (TOC) with Ashton Fourie. It’s a 9 part series that looks how the Theory of constraints can help you grow your business. In this introduction, Ashton takes us on a walk into what ToC is.
What Is the Theory of Constraints?
The idea behind TOC is a bit counter to the way most of us look at business. Yet it is something that can truly help break through many of the challenges that businesses face every day.
There is real theory behind the idea and has a proven method that enables rapid growth whilst at the same time helping to stabilise your business.
A Dynamic Management Methodology
It is a management methodology strongly based on scientific thought and research. It has a series of applications ranging from production management to product management, to strategy development & execution, supply chain management, financial management.
Ultimately it impacts every part of your business and integrates well with existing methodologies. This includes Lean, Six Sigma, Total Quality Management, Agile, Scrum. It helps improve the effectiveness of these methods by creating a massive amount of focus.
In this podcast, we dig into the idea of ToC, where it comes from, the type of applications that you can use it for. And really why it is so powerful!
Business Relearnt – Learn To Unlearn, Relearn.
Fast constant change demands that we keep looking at how we do things and to keep learning new ways to solve our customer’s problems. What business relearnt series provides you with approaches and methodologies to help you do that.
The Full Business Relearnt TOC Series – Broken Down?
TOC offers you many opportunities to look at doing things in a different way. Ashton breaks down how you can do this in this series. Here are the topics around the theory of constraints that we will cover:
- Why you cannot ignore TOC
- The surprising inverse relationship between the number of improvements and actual improvement
- Are you spending too much money for increased capacity
- The costly mistake of elevating your constraint first
- Design for Delegation – Three levels of work
- Planning too much is planning to fail
- You don’t want project management – You just want to get your projects done!
- Theory of Constraints and Employee Engagement
- Turning the layers of resistance into moments of agreement
Who Is Ashton Fourie:
Ashton is a proven growth strategist and looks at building sustained success in tough economic climates.
He is the CEO of 5-2-50 (pronounced Five To Fifty). This is a South African based company with a vision to eradicate poverty through ensuring that there is a good job available to every woman and man on earth who is able and willing to work.
5-2-50 help’s their clients formulate a clear vision and strategy to grow up to ten times in size in a period of no more than five years. Their toolset is a combination of Theory of Constraints, Lean and Agile interventions, combined with their strategic management methodology that has been tested in the local and international market.