Ch6-Control and Control Systems Flashcards

0
Q

Step1 of Control Process

A
  • output standards: measure results in terms of quantity, quality, cost or time
  • input standards: measure the work efforts that go into the performance task
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1
Q

Controlling

A

The process of measuring performance and taking action to ensure desired results

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2
Q

Step2 of Control Process

A

Measures actual performance.

  • agreed upon standards
  • accurate and timely measurement
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3
Q

Step3 of Control Process

A

Compares results with objectives and standards

-desired performance - actual performance= need for action

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4
Q

Step 4 of Control Process

A

Takes corrective action as needed.

-management by exception: practice of giving attention to situations that show the greatest need

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5
Q

Feedforward controls

A

Ensure the right directions are set and the right source inputs are available

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6
Q

Concurrent controls

A

Ensure the right things are being done as part of work-flow operations

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7
Q

Feedback controls

A

Ensure that final results are up to desired standards

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8
Q

Internal control

A
  • motivated employees exercise self-control in their work

- participation in planning work and having a sense of purpose facilitation motivation

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9
Q

External controls

A

Bureaucratic control: policies, procedures, budgets and supervision to influence behavior
Clan control: organization’s culture to influence
Market control: market competition influences organizational decisions

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10
Q

MBO: Management by Objective

A

Process of regular communication in which a superior and subordinate; team leader and team members jointly plan objectives and jointly review results

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11
Q

Improvement objectives

A

State goals for improvement in measurable terms

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12
Q

Personal development objectives

A

Focus on personal growth

Eg. Learn a second language

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13
Q

Quality control

A

Managing for high performance

  • TQM: total quality management is commitment to quality and striving for zero defects
  • Continuous improvement
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14
Q

Project management

A

Responsibility for overall planning, supervision, and control of projects

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15
Q

Project management tools

A
  • Grant charts

- CPM/PERT charts and critical path

16
Q

Economic order quantity: inventory control

A

pre-determined amount of inventory is ordered when current inventory reaches a certain level

17
Q

Just-in-time scheduling

A

Inventory arrives exactly when needed for production

18
Q

Break-even point

A

Revenues equal costs

19
Q

Financial ratios for organizational control

A

Liquidity: ability to meet current ration
Leverage: measures busboy debt
-Asset Management: measures asset and inventory efficiently
Profitability:

20
Q

Balance scorecards

A

Hard to quantify information that gives a more comprehensive view of life

  • financial performance
  • customer satisfaction