Theory of Constraints Assignment

In: Business and Management

Submitted By udontknowme1222
Words 1924
Pages 8
A summary and discussion of articles;

Goleman, D. (1998, fall). The emotional intelligence of leaders. Leader to Leader, 10, 20-26

And McCrimmon, M. (2005, January) Thought leadership: a radical departure from traditional, positional leadership. Management Decision, 43 (7/8), 1064-1070

Summary 1

Goleman, D. (1998, fall).

The emotional intelligence of leaders. Leader to Leader, 10, 20-26Leadership skills can be derived from various angles and most organizations have a certain style of leadership. Most of these styles come from studies and patterns of growth. Goleman (1998), in this article explains with illustrations how leadership should be construed and how one’s emotions play a huge role towards an effective style of leadership. The way you feel the type of person you are and the actions you take are essential in leadership skills. Leaders in top positions in various organizations have great credentials to show for it but, like Goleman pointed out, there are some that lead mainly on what they have studied, that is, their technical expertise. Hence, they are not open to emotionally leading that organization.

Our emotions are who we are, they are imbedded in us. Goleman, goes further to give in-depth illustrations as to how the human brain is linked to what feelings we feel, be it happy or sad, regret or anger. Thinking your actions through before voicing them out has a lot to do with our emotions. Our thinking faculty and the emotional part of our brain (known as the amygdale) work side by side and these two are essential for an effective leadership style, they cannot work single handedly. We learnt hat through the amygdale, emotional decisions can be eliminated by paying attention to our feelings. Self-awareness allows our decision making come from our core values; making a decision that will affect the goals we are making for our tomorrow…...

Similar Documents

Constraint Theory

...The Theory of Constraints and the Automotive Industry The bottleneck appears in many aspects of the automotive industry. Not only is the specified branch of the manufacturer but also in more specific branches of products such as locally owned dealers, individual parts suppliers, and then on the consumer service side, repair shops. Looking at all of these some bottlenecks or constraints are easily identifiable. For this I will look closer at the service side of the industry and how the theory of constraints can affect the repair shops. First off forecasting for a repair shop can already be a hard to estimate because it is an as needed service. The slow-downs in this business are close to impossible to predict as there is no real season for car repairs. So the major constraint will be an unexpected demand in repairs. For the theory of Constraints to help with this, further causes for this restraint need to be identified. So if we are looking at a smaller locally owned shop we could identify the restraint as being poor scheduling of both labor and appointments. Once this is identified the theory will help ease the restraint. To handle this they will need to pad the forecast for the amount of work they estimate will be needed and accommodate the scheduling to match this. This can be done with a unique scheduling system for the shop with room for the varying service levels needed. With that the shop as a whole has to have the initiative to focus on the areas needed during...

Words: 359 - Pages: 2

Theory of Constraints

...Theory of Constraints John Blackstone (2010), Scholarpedia, 5(5):10451. | doi:10.4249/scholarpedia.10451 | revision #91862 [link to/cite this article] | Curator and Contributors 1.00 - John Blackstone * John Blackstone, University of Georgia The Theory of Constraints is the name given to a series of decision making techniques first created by Dr. Eliyahu M. Goldratt beginning around 1980 and later applied and augmented by a number of others. The Theory of Constraints has been applied to production planning, production control, project management, supply chain management, accounting and performance measurement, and other areas of business as well as such not-for-profit facilities as hospitals and military depots. It has also been applied to decision making in educational settings. Dr. Goldratt holds a Ph. D. in physics; he has often stated that in developing the Theory of Constraints he is applying the techniques of the hard sciences, such as cause-and-effect analysis, to soft sciences such as business management. The Theory of Constraints states that constraints determine the performance of a system. A constraint is anything that prevents a system from achieving a higher performance relative to its goal. A system is any collection of interconnected parts sharing a common goal. The Theory of Constraints was first applied to business systems. Dr. Goldratt defines the goal of a for-profit business as to make more money now and in the future. This definition is in......

Words: 7150 - Pages: 29

Theory of Constraint

...Theory of Constraints The topic for my discussion on the Theory of Constraint is the team that handles rental properties for a real estate business. This includes homes as well as commercial properties for rent, from the perspective of the tenant and the landlord. The organization is a team of real estate agents that specialize in rental properties. The goal is to generate profitable revenue by ensuring the quota is met for lease contract agreements to go to settlement in the specified time. Throughput are the number of contracts for the lease of properties that have completed, settled, and funded. Inventory comprises of available rental properties that have been listed with the company, as well as landlords that are represented by agents of the company. Operating expenses include costs associated with the listing or showing of rental properties, such as open houses, advertising costs, and transportation of prospective tenants to the property. The bottleneck is the landlord’s approval and acceptance of the terms of the contract. This will be discussed in more detail in the five steps below. 1) Identify the system’s bottlenecks. Typically the landlord will want to maximize profit by listing the property for as much as possible. Regardless of the listing price being inline with the market area, or being overpriced, lease offers will often be less than the asking price. With lease offers from more than one prospective tenants require more time in their......

Words: 3675 - Pages: 15

Database Theory Assignment 1 (charge per hour and project hours). 8) Given your answer to Problem 7, what new files should you create to help eliminate the data redundancies found in the file shown in Figure P1.5? Project file should contain project characteristics (name, manager/coordinator, budget), employee file should contain employee information (name, phone number, address, employee number), job file should contain billing charges per hour for each job type , and a charge file should keep track of the number of hours by job type being billed for each employee who worked on the project. 9) Identify and discuss the serious data redundancy problems exhibited by the file structure shown in Figure P1.9. (This file is meant to be used as a teacher class assignment schedule. One of the many problems with data redundancy is likely occurrence of data inconsistencies-two different initials have been entered for the teacher Maria Cordoza.) There are multiple entries for every teacher. If any person moves and/or changes their phone number, these changes must be made more than once and they must be done correctly. If any occurrence is missed or there is a mistake when entering in the information on one, the data are different for the same person creating anomalies like with Maria Cordoza’s Initial. This shows that her personal information was not updated correctly on all files in the database. 10) Given the file structure shown in Figure P1.9, what problem(s) might you encounter if building......

Words: 703 - Pages: 3

Hofstede, Cultural Constraints in Management Theories

...Read one paper about Hofstede or Kolhberg « Cultural constraints in management theories » « Management scientists are human ». Find an example company from your country to explain the company development. Hofstede, « Cultural constraints in management theories » To explain these cultural constraints in management theories, I choose the French company Renault. Renault is an historical group, strongly present in Europe. Renault has always been a vector for innovation. It is the 2nd French car manufacturer and possesses three brands: Renault, Dacia and Renault Samsung Motors. ------------------------------------------------- ------------------------------------------------- I/Introduction to the subject The source of the issue takes place in the “Technocentre”, in Guyancourt (Yvelines). This building is the Renault’s neuralgic center, where all futures cars are designed and devised. End of 2006 and beginning 2007, thee employees have committed suicide. The letters leaved revealed harder and harder working condition, harassment and a high pressure put on workers. Since then the auto builder has been sentence for “inexcusable fault” in 2011 and 2012. Second occurrence, in January 2011, three managers have been relieved of their function in an industrial espionage affaire. The evidences used for the accusation seemed after to be false. This scandal made a lot of noise, more than the second. Confidential documents have been revealed by France Info and France Inter.......

Words: 1736 - Pages: 7

Theories of Constraints

...Introduction To apply the Theories of Constraints, we will need to express the goal and other measurements then outlining the five-step processes that will identify the bottleneck resources to dictate our throughput and inventory. Operational Measurements Our organizations’ operation will be expressed in three measurements; the goal, throughput, inventory and operational expenses. These measurements will help to keep our resources balanced and help increase the throughput while reducing the inventory and operational expenses at the same time. For the organization, the goal would be to obtain at least $15 million in funding sources within the next two fiscal years. We would pay special attention to the requirements of the competitive awards and would not attempt to complete proposals for awards that we are not currently eligible for. The throughput will be the number of grant proposals that are submitted. Our inventory is measured in open and eligible grants that we have not been completed or submitted. And the operational costs would include personnel costs, fundraising expenses and other resources that are used to complete the proposal process. The Five-Steps of the Theories of Constraints Step 1: Identify the organizational bottleneck(s). After reviewing the budgeted funding pipeline for the year, we only received 35% of the funding we expected between January and July. We found that there were grant proposals that we were eligible for that we did not compete for and...

Words: 794 - Pages: 4

Theory of Constraints

...Theory of Constraints Term Paper BUSN 6070, Summer 2014 In the day and time in which we live, “quality” has come to encompass much more than just product or process conformance. Quality is a requirement for today’s customer regardless of type of product or the price the consumer has paid. But, when producing a quality product there are some constraints. In management, especially quality management there is something called the Theory of Constraints. The Theory of Constraints is defined as: A management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it. TOC adopts the common idiom "a chain is no stronger than its weakest link." This means that processes, organizations, etc., are vulnerable because the weakest person or part can always damage or break them or at least adversely affect the outcome. (Garrison, Managerial accounting 14th ed.) Have you ever heard the saying, “You can’t put ten pounds of sand in a five-pound bag?” How about, “I’m trying to juggle too many priorities at once.” If you’ve heard (or said) either of these things, you have some sense of the stress that constraints impose on everyone. In many cases, the challenge appears to be not enough time. But, the characteristics of time are......

Words: 720 - Pages: 3

Theory of Constraints

...Chapter 5 Theory of Constraints What You Will Find Out About in This Chapter  The importance of managing system throughput  The differences between cost-world orientation and throughput orientation  The importance, and often the difficulty, of identifying constraints  The five-step process of constraint management  The circumstances in which the theory of constraints is valuable in increasing throughput  How throughput accounting and appropriate performance measures can encourage a throughput emphasis Management Accounting for Change: Process Improvement and Innovation 5.1 INTRODUCTION...........................................................................................................................................85 5.2 MANAGING PROCESS THROUGHPUT ....................................................................................................85 5.2.1 Defining TOC...........................................................................................................................................86 5.3 NATURE OF THE ‘GLOBAL GOAL’ VS LOCAL PERFORMANCE MEASUREMENT ........................87 5.3.1 The Global Goal .......................................................................................................................................87 5.3.2 Local Performance Measurement .............................................................................................................87 5.3.3 Conflicts Between Local Performance and the......

Words: 9715 - Pages: 39

Theories and Concepts Assignment

...I have chosen to discuss the two feminist theories that were previously mentioned due to the fact that they both focus heavily on the oppression of men in society, as well as the evident gender division between the sexes. I have chosen to focus on the six concepts that were previously mentioned because they focus on how women are oppressed, and mistreated in society. Radical Feminism Radical feminism supports the idea that patriarchy is the main form of oppression women face. The goal of radical feminism is the elimination of patriarchy. From a radical feminist perspective, women are oppressed in three main ways or areas: the state, the nuclear family, and through reproduction and mothering. Radical feminism also suggests that the lack of control women have over their own bodies and own reproduction is central to oppression. Radical feminists aim towards eliminating sexual, as well as physical violence against women (Calixte et al., 2009). The significance of radical feminism is that it focuses on what is seen as the major oppressors in our culture. Moreover, radical feminism opens our eyes to male dominance and how it has been highly normalized. It alerts us to how ‘normal’ or common images from pornography reduce women to sexual objects. Moreover, it makes clear that prostitution is a form of economic and sexual exploitation women. Instead of relying on preexisting theories, radical feminism is significant because it is a theory generated by and for women (Calixte et al...

Words: 2415 - Pages: 10

Theory of Constraints - Paper

...     Theory  of  Constraints     Theory   of   constraints   (TOC)   is   about   thinking   in   logical,   systematic,   or   structured.   It   is   about  analyzing  cause  and  effect,  verifying  basic  assumptions,  exploring  alternatives  and   process   improvement.   The   goal   of   TOC   is   to   maximize   the   efficiency   of   a   process   selectively   at   the   most   critical   points   and   thereby   maximize   profitability,   quality,   or   other  corporate  objectives.     The   TOC   has   two   major   components.   First,   a   philosophy   that   underpins   the   working   principles  of  TOC.  This  is  often  referred  to  as  TOC’s  ‘logistics  paradigm’  and  consists  of   five   steps   for   on-­‐going   improvement,   the   drum-­‐buffer-­‐rope   (DBR)   scheduling   methodology,   and   the   buffer   management   information   system.   This   philosophy   suggests   that   the   main   constraint   in   most   organizations   may   not   be   physical,   but   in   fact   managerial-­‐policy   related.   To   address   the   policy   constraints   and...

Words: 924 - Pages: 4

Theory of Constraints

...Theory of Constraints In today’s economic climate, many organizations struggle with declining sales and increasing costs. Some choose to hunker down and weather the storm, hoping for better results in the future. However, layoffs and workforce reductions jeopardize future competitiveness. However, organizations that have implemented the Theory of Constraints (ToC) continue to thrive and grow in difficult times, continuing to achieve real bottom line growth, whether by improving productivity or increased revenues. Since 1985, the Theory of Constraints has been delivering startling tangible results to companies worldwide. An independent study of Theory of Constraints implementations around the world found that huge results were consistently achieved: Lead Times Reduced 69% Cycle Times Reduced 66% Due Date Performance Improved 60% Inventory Levels Reduced 50% Revenue / Throughput Increased 68% This is a system improvement tool, which states that every system has one goal and it is achieved by many linked processes and out of those processes, one process acts like a bottleneck. So, this theory is utilized in order to remove that bottleneck and ultimately achieve higher productivity. Commonly these bottle necks can be easily understood by the example of assembling operation. There are 5 stations; each station has different times for assembling e.g 40 minutes, 50 and 60 minutes. Out of these stations, station with maximum operation time will be considered as......

Words: 1247 - Pages: 5

Theory of Constraints

...THEORY OF CONSTRAINTS Key Term The key term I selected is Theory of Constraints. I selected this term because in my Aviation Maintenance profession this term is getting more visibility as we attempt to implement Continuous Process Improvement (CPI). Explanation of the Key Team Satterlee describes Theory of Constraints as the greater gain will come from identifying which part of the process is a constraint to the whole, rather than focusing on increased output from an entire process (p. 247). In support of the key term, I selected the article, “Theory of constraints: a theory for operations management” (Gupta & Boyd, 2008). Major Article Summary The selected article first investigates linkages between Theory of Constraints and the core concepts/components of operations management and shows how operations management concepts can be integrated with Theory of Constraints (Gupta, & Boyd, 2008). Next, the article proved Theory of Constraints has properties essential for a good theory. Within the article it identifies six steps for implementing the theory of constraints and also describes the five-step thinking process designed to organize the thought process involved in approaching a bottleneck and trying to resolve the problem relating to the constraint (Gupta, & Boyd, 2008). Discussion The Theory of Constraints is an important tool for operations managers to manage bottlenecks and improve process flows. Theory of Constraints views organizations......

Words: 969 - Pages: 4

Theory of Constraints in Grocery Stores

...Theory of Constraints in Grocery Stores The Theory of Constraints (TOC) is defined as a management model that views any manageable process as being limited in achieving more of its goals by a small number of constraints. TOC is used to focus on identifying the constraint, rearrange the necessary policies and procedures and hopefully increasing the profits in the process. Most businesses can be seen as a series of associated sets of procedures that transforms contributions and productivity into a product that will ultimately result into a saleable profit. According to this theory, the goal for all successful business is to have a efficient system in place to make money more money then the company invested into it. Retail Grocery Stores: I worked in grocery/supermarket stores the majority of my professional career. I have watched supermarkets come and go but there were always a few chains that will always be around. I began to think about the chains that stand out from the rest and what made them successful. Most would say the success of a grocery store is selling quality products. I believe that is partly true. Customers also want excellent customer service that makes them feel special. Groceries stores sell products that every person needs to survive on a daily basis. Everyone needs to eat; everyone needs products for health, hygiene and wellness. The goal of a grocery store is to sell quality products before expiration and make a profit. When a grocery store......

Words: 946 - Pages: 4

Price Theory Assignment 1 – Consumer Theory

...Price Theory Assignment 1 – Consumer Theory Click Link Below To Buy: Answers are in Image Format Suppose that Sally’s preferences over baskets containing petrol (good x), and food (good y), are described by the utility function U (x, y) = xy + 100y. The marginal utilities for this function are, MUx = y and MUy = x + 100. Use Px to represent the price of petrol, Py to represent the price of food, and I to represent Sally’s income. Question 1: Find Sally’s petrol demand function, and Sally’s food demand function. (8 Marks) Question 2: From Sally’s perspective, is food a normal good, an inferior good, or neither normal nor inferior? Briefly explain with reference to your answer to question 1. (2 Marks) Question 3: Suppose that the price of petrol is $2 per litre, the price of food is $5 per kilogram, and Sally’s income is $400. What quantities of food and petrol does Sally consume? What level of utility does Sally receive from this consumption basket? (3 Marks) Question 4: Suppose that, as in question 3, the price of petrol is $2 per litre, the price of food is $5 per kilogram, and Sally’s income is $400. Now suppose that the government is considering two alternative policies to improve Sally’s welfare. Policy 1: Place a $0.4 per litre subsidy on petrol, reducing the price of petrol to $1.6 per litre. Policy 2: Give Sally a voucher that can be used to purchase food (but not......

Words: 320 - Pages: 2

Assignment 1 Accounting Theory

...continue replacing the forms of face to face learning. The fact that distance is not the issue for online learning neither the material nor the timings is the biggest asset for online learning being better than face to face learning. For the future of the education system, it will be beneficial to completely replace the system of face to face learning by online learning. According to Navarro and Shoemaker (2000) the learning outcomes from online learning was much better than the traditional learning and the satisfaction level was also higher in favor of online system. However on the basis of the study done by Riffell and Sibley (2005) where jean Luc, an archaeologist who was about to do a general science course found that doing online assignments was a much better task than going for traditional science course as it gave him time to think and he was able to apply his ideas thoroughly as well as to actively participate in his task. This made his performance above average and this positive story is a clear example why the education system should fully adopt the online learning system. Below is a picture taken from a source which clears the importance of online learning. It is based on a survey among students. Source: Study suggests high school students hold negative views of online education. 2016. Study suggests high school students hold negative views of online education. [ONLINE] Available......

Words: 1716 - Pages: 7

DiSNEY.SiNG.iT.PARTY.HiTS.MULTi5.PAL.PS2DVD-SHiTONLYGERMAN | Hurricane Polymar Holy Blood OVA English Subbed | Describing and Analyzing the Moncton Tijuana Bible