Theory of Constraints

Like 80/20 on steroids for new products

Almost everyone’s heard of the 80/20 rule. Unfortunately, few really understand what it can do to improve the focus of their businesses – even in the area of new product innovation. You only have to look to all of the project multi-tasking that goes on to know how true this is. Boiling 80/20 down to the [...]

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BP’s Big Spill: Lesson for your new products?

Yesterday I heard BP’s COO, Doug Suttles, admit that it could take months to get the Deepwater Horizon disaster under control. The journalist interviewing him jumped on that by asking why BP didn’t have a back-up plan in place before the spill. Of course, there’s a political and legal tsunami coming for BP, so Suttles [...]

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Doubling speed to market: the TOC approach – Part 3

Here’s Part 3 of my interview with Business 901′s Joe Dagger where we discussed open innovation as a tool to elevate the innovation bottleneck. If you’re not familiar with Goldratt’s Theory of Constraints, Elevate is step 4 of his 5 focusing steps. While the first 3 steps are focused on better utilizing your existing capacity, [...]

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Doubling speed to market: the TOC approach – Part 2

If you haven’t had the chance to check it out yet, Joe Dagger’s Business 901 blog focuses on applications of Lean principles to marketing. But I had the chance to appear on his Business 901 podcast to talk about applying TOC’s continuous improvement approach to innovation. Yesterday I shared Part 1. Today in Part 2 [...]

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