11-12 Flashcards
Controls
The rules, regs & standards to measure against goals and determine next steps
4 steps of controls
1-set standards
2-measure results
3- compare results to standards
4-corrective action
2 roles of supervisor
judge & problem solver/decision maker
control “standard”
basis or criteria set in concrete terms:
a) what expected
b) deviation accepted
tolerance
permisable deviation from a standard
3 sources of control standards
1-past performance
2- high hopes
3- systematic analysis
variance
gap or deviation between actual & standard
3 control opportunities
- preventative-
- concurrent-
- corrective-
feedback
process of relaying performance back to person causing performance
kinds of controls
1) output
2) quality
3) time
4) material
5) equipment
6) cost
7) employee performance
290
specifications
standardized dimensions/characteristics pertaining to product
290
budget
document combines stardars with allowcations for expenses
291
management by exception
delegate corrective action to subordinate as long as withing acceptable performance range
291
business dashboard
visual portrait of key performance measures
292
balanced scorecard
system to report key info from multiple areas related to goal
292
areas of scorecard that are balanced
financial, customer, business process, learning & growth. short & long term balance
292
TQM
Total Quality Management
293
Total Quality Management
customer satisfaction must be drawn into quality planning and commitment from suppliers 293
benchmarking
like TQM. Find out what clients really want in product or service & use that as benchmark.
293
ultimate goal of bench marking
methods and outcomes
a) for ultimate customer satisfaction
b) internal methods & procedures most cost & quality effective
293ish