Explain the goldratts theory of constraints


Discuss the below in detail:

Q: Goldratt's Theory of Constraints is an approach used to achieve continual improvement in the workplace. It involves the following steps:

1. Identify

2. Exploit

3. Subordinate

4. Eliminate restraints

5. Overcome inertia

Take up any process, preferably from your organization that you would like to improve in terms of productivity or quality, or both. Discuss how you would apply Goldratt's Theory of Constraints to identify and overcome bottlenecks in this process.

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