This Focused Performance Weblog is a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective. TOC is noted for its applications in Project Management and Multi-Project Management (Critical Chain) and Operations Management (Drum-Buffer-Rope), as well as in Marketing, Strategic Planning and Change Management (TOC Thinking Processes). If you are on an archive page, current postings are found here.
Wednesday, November 27, 2002
• Making the Most of a Downturn -- From Business Week Online (requires free registration) -- Despair isn't an option. So says the University of Cincinnati's Charles Matthews, who advocates preparing for the better days to come. Matthews briefly discusses six things that should be done when things are slow:
• Plan ahead...
• Plan again...
• Don't price recklessly...
• Follow up on every lead...
• Delegate tasks...
• Secure adequate capital...
The first two planning suggestions are right on, as many small and struggling businesses think that strategic and operational planning is just for the big boys. Fortunately, using the TOC Thinking Processes as an overlay to discipline and document their valuable intuition, such an effort can be undertaken on an appropriate scale.
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