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... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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