Workforce Development Workforce Development for manufacturers or anyone really, is a topic I’ve never given much thought to. I’ve owned a custom manufacturing shop and now help custom job shops and machines shops to reduce lead-time, improve due date performance, and...
Theory of Constraints Leadership Theory of Constraints Leadership or leadership in general, is a topic I've never given much thought to. I've owned a job shop and now I help custom job shops and machine shops to reduce lead-time, improve due date performance, and...
I spent a week with Dr Eliyahu Goldratt. As many of you know I used to work for him as his Global Marketing Director. He invited me to come and check out what he’s been working on. So, here’s my take on it … One of the key differences in his thinking is that...
I interviewed Pam Watson Korbel on the 7 Synergies for Business Success. We found a lot of similarities between what Pam does and recommends and what we at Science of Business do (Theory of Constraints) and recommend. Here is the video interview and below is Pam's...
This is Part 2 of a multi-part series that will be posted on the Velocity Scheduling System Coaching Program blog. We covered the biggest constraints and most common constraints we find as Theory of Constraints consultants. Read Part 2 here:...
This is Part 1 of a multi-part series that will be posted on the Velocity Scheduling System Coaching Program blog. We covered the biggest constraints we find as Theory of Constraints consultants. Read Part 1 here:...
Brad: Next, we have a choice. Most business owners have a desire to transfer the business to one or more "insiders", but the business may be worth more and the business owner would make more money sooner if the business was sold to a third party. So, it's helpful to...
Dr. Lisa: Let me start. We established in our last article that Exit Planning is consistent with Theory of Constraints, Lean and Six Sigma because business owners need processes that will increase profitability and business value. So now, let's help business owners...
Dr. Lisa: What’s the impact of the economy on exit planning? If sales are down due to a depressed economy, how does that impact exit planning? Brad: Unless the business managed to maintain its sales and profit levels and growth rates, the business is probably less...
There is nothing as fundamentally important as having an Exit Plan. The purpose of exit planning is for owners to achieve their financial and lifestyle objectives after they leave their business. It covers when you plan to exit, how much you’ll want or need from a...
