Tony Rizzo
The Theory of Constraints is a management philosophy that treats a corporation not as a collection of independent processes but as a complete system. The originator of the Theory of Constraints, Dr. E. M. Goldratt, often explains his theory with a simple but effective analogy. He likens a corporation to a chain. Just as the links of a chain work together to form a complete system that is capable of transmitting a great force, so too the various divisions and departments of a competitive corporation work together to generate great profits for the stockholders.