APPLYING THE THEORY OF CONSTRAINTS TO INCREASE ECONOMIC VALUE ADDED: PART 2IMPLEMENTATION

M. Smith, P. Pretorius

Abstract


ENGLISH ABSTRACT: This article describes a way to implement the holistic approach of the Theory of Constraints (TOC) which will lead to an increase in the Economic Value Added (EVA) of a business. The approach consists of two parts: the adoption of the holistic approach, and the implementation of a new company strategy. The pitfalls in implementing a holistic approach are discussed. The elements of a company strategy that is compatible with the holistic approach are described.

AFRIKAANSE OPSOMMING: Hierdie artikel beskryf n metode hoe om die holistiese benadering van die Teorie van Beperkinge (TVB) te implementeer met die doel om die Ekonomiese Toegevoegde Waarde (ETW) van n besigheid te vermeerder. Die benadering is tweeledig: die ingebruikneming van die holistiese benadering, en die implementering van n nuwe besigheidsstrategie. Die moontlike probleme in die implementering van die holistiese benadering word bespreek. Die elemente van n besigheidsstrategie wat versoenbaar is met die holistiese benadering word beskryf.


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DOI: https://doi.org/10.7166/13-2-309

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