When Small Improvements Can have A Huge Impact -Mental Model 015
Theory of Constraints
A management system is limited in achieving its goals by a small number of constraints.
Theory of Constraints Example:
In the 1920’s, Ford was upping the production of its Model T’s. But the paint would take so long to dry it held up production. In manufacturing, this constraint is known as a bottleneck. Engineers decided to use a faster drying paint which allowed Ford to achieve its goal of increased production.
“A chain is no stronger than its weakest link.”