Applying Goldratt's framework to the banking system

• Type: Article in International Scientific Journal
• Date: 2014

Authors

moreira, mra (Author) FEP; castano, jdm (Author) Other; Sousa, Paulo Sérgio Amaral de (Author) FEP; meneses, rfc (Author) Other

Journal

Title: Periodica Polytechnica, Social and Management Sciences

Vol. 22

Pages: 107-117

ISSN: 1416-3837

Publisher: Budapesti Muszaki es Gazdasagtudomanyi Egyetem/Budapest University of Technology and Economics

Indexing

Scopus - 2 Citations

Other information

Authenticus ID: P-00A-8N6

DOI: 10.3311/ppso.7673

Abstract (EN): This paper describes the major elements of the Goldratt's framework - the Theory of Constraints (TOC) - in the banking sector, and examines the factors involved in the decision to adopt the TOC by companies in this sector. Through a deep literature review, analyzing similar cases that apply the Goldratt's framework in services and in manufacturing and the several views of its components, we aim at formulating a framework specifically for the banking system. The study uses a qualitative methodology supported by the information extracted from reality as it is framed in a multi-case study model. As part of the quantitative approach, we test several research hypotheses raised from the review of existing studies in the area. The main factors that influence the decision to adopt the TOC are the nature and the characteristics of the banking service, the attitude towards change, the leadership and the commitment of the entire institution. By using the Goldratt's approach outlined in this article, through the location of the constraints and develop practical measurement to facilitate the banking process improvements, banks can improve resource utilization, revenues and employee satisfaction.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 11