Systems

Systems

Understanding Disruptive Innovation

Disruptive innovation is a term that was coined by Harvard professor Clayton Christensen, and discussed in his book The Innovator’s Dilemma. You might think ‘disruptive innovation’ is about inventing something SO unique that it disrupts an industry. In reality, it has a much more concise definition, usually interpreted as a cheaper, simpler and more accessible version of a product or service for a completely different market share than the original, more expensive counterpart - which eventually overtakes the industry.

Systems

Theory of Constraints for Dummies

The Theory of Constraints (TOC) is a business theory introduced by Wolfgang Mewes (a German business economist), which was then further proliferated in the United States by Eliyahu M. Goldratt in his book The Goal, (a cult classic). In order to optimize profits at your shop, you need to understand this theory.