The Theory of Constraints (Eliyahu M. Goldratt)

The Theory of Constraints, developed by Eliyahu M. Goldratt, is a management approach focused on identifying and addressing the most limiting factor—or constraint—within a system that prevents achieving a goal. By improving or removing this bottleneck, the overall system's performance and productivity can be significantly enhanced. It emphasizes continuous improvement through a cycle of identifying constraints, exploiting them, subordinating other processes to support the constraint, and then elevating it. This targeted focus ensures resources are effectively allocated, leading to greater efficiency and faster achievement of organizational objectives.