Chapter 16 Flashcards

1
Q

Control

A

Regulatory process of establishing standards to achieve organizational goals, comparing actual performance to the standards.

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2
Q

Standards are a basis of comparison for measuring the extent to which organizational performance is satisfactory or unsatisfactory

A

Standards

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3
Q

Benchmarking

A

The process of determining how well other companies perform business functions or tasks.

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4
Q

Cybernetic

A

Derives from the Greek word kubernetes meaning steersman or one who steers or keeps on course

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5
Q

Feedback control

A

A mechanism for gathering information about performance deficiencies after they occur

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6
Q

Concurrent control

A

A mechanism for gathering information about performance deficiencies as they occur, thereby eliminating or shortening the delay between performance and feedback

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7
Q

Feedforward control

A

A mechanism for monitoring performance inputs rather than outputs to prevent or minimize performance deficiencies before they occur

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8
Q

Control loss

A

The situation in which behavior and work procedures do not conform to standards

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9
Q

Regulation costs

A

The costs associated with implementing or maintaining control

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10
Q

Cybernetic feasibility

A

The extent to which it is possible to implement each step in the control process

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11
Q

Bureaucratic control

A

Top-down control in which managers try to influence employee behavior by rewarding or punishing employees for compliance or noncompliance with organizational policies, rules, and procedures

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12
Q

Objective control

A

The use of observable measures of employee behavior or output to assess performance and influence behavior

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13
Q

Behavior control

A

Regulating behaviors and actions that workers perform on the job

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14
Q

Output control

A

Measures the results of their efforts or the regulation of workers results or outputs through rewards and incentives

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15
Q

Normative controls

A

A company’s widely shared values and beliefs guide workers behavior and decisions

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16
Q

Concertive controls

A

Based on beliefs that are shaped and negotiated by work groups values and beliefs

17
Q

Self control or self management

A

Control system in which managers and workers control their own behavior

18
Q

Balanced scorecard

A

Encourages managers to look beyond such traditional financial measures to four different perspectives on company performance

19
Q

Suboptimization

A

Occurs when performance improves in one area at the expense of decreased performance in others

20
Q

Cash flow analysis

A

Predicts how changes in a business will affect its ability to take in more cash than it pays out

21
Q

Balance sheet

A

Provide a snapshot of a company’s financial position at a particular time

22
Q

Income statements

A

Also called profit and loss statements show what has happened to an organizations income expenses and net profit income less expenses over a period of time