What recent management innovation views a business as a linked sequence of processes that transforms inputs into saleable outputs and is used to improve operations?
A)Just-in-time production
B)Total quality management
C)Theory of constraints
D)Strategic cost analysis systems

Question

Quizplus · Accepted Answer

The Theory of Constraints (TOC) views a business as a linked sequence of processes that transforms inputs into saleable outputs. The aim is to identify the bottleneck process that limits the overall productivity of the system and improve it to increase the throughput. The focus is on continuous improvement of operations. Just-in-time production and Total Quality Management are also management innovations but do not specifically view a business as a linked sequence of processes. Strategic cost analysis systems are not a recent management innovation.

What Recent Management Innovation Views a Business as a Linked