This may be a person whose help or decision you need, a resource
that you require, a weakness in some part of the organization or
something else. But it the limiting factor always there and it is always
your job to find it.
For example, the purpose of a business is to create and keep a
customer. By doing this in sufficient quantities, the company makes a
profit and continues to grow and flourish.
In every business there is a limiting factor or chokepoint that
determines how quickly and well the company achieves this purpose.
It may be the marketing, the level of sales or the sales force itself. It
may be the costs of operation or the methods of production. It may be
the level of cash flow or costs. The success of the company may be
determined by the competition, the customers or the current
marketplace. One of these factors, more than anything else,
determines how quickly the company achieves its goals of growth
and profitability. What is it?
The accurate identification of the limiting factor in any process and
the focus on that factor can usually bring about more progress in a
shorter period of time than any other single activity.
The 80/20 Rule applies to the constraints in your life and in your
work. What this means is that 80% of the constraints, the factors that
Dostları ilə paylaş: