Define and explain the main enterprise performance improvement concept proposed by Goldratt in the Theory of Constraints (TOC) approach to production management. Explain how this approach differs from conventional production management techniques.

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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Define and explain the main enterprise performance improvement concept
proposed by Goldratt in the Theory of Constraints (TOC) approach to
production management. Explain how this approach differs from
conventional production management techniques.

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