Examlex
The theory of constraints uses the following five steps to achieve its goal of improving organizational performance:
1) Exploit the binding constraints.
2) Elevate the organization's binding constraints.
3) Identify an organization's constraints.
4) Repeat the process as a new constraint emerges to limit output.
5) Subordinate everything else to the decisions made when exploiting the binding constraints.
What is the correct order for performing these steps?
Empowerment
Sharing power in such a way that individuals learn to believe in their ability to do the job.
Communication Skills
The capacity to convey information effectively and efficiently to others.
Competitive People
Individuals who have a strong desire to win or be the best in their field, often driving them to put in significant effort and perseverance.
Personal Gains
Benefits or advantages gained by an individual, often from a situation or through their actions, which can be material or immaterial.
Q5: The learning curve<br>A)is really no different from
Q7: When a government imposes a price floor
Q12: If a firm is at full capacity,
Q22: The product life cycle describes the profit
Q34: A project requires an investment of $40,000
Q40: The results of many empirical studies of
Q41: For each of the following changes,show the
Q58: Which of the following statements is FALSE?<br>A)
Q63: The t-statistic is computed by<br>A)dividing the regression
Q95: Accelerated methods of are preferred because of