FSOT Flashcards
Performance Objectives
established quality and time goals for accomplishments of task
Delegation
Distribution of responsibility and authority to subordinates
Decision Making Process
Identify the Problem Note criteria related to the problem Generate Options to solve problem Make a decision Receive feedback
Individual Decision Making
Depends on a number of different factors, some enhance decision making while other are obstacles
Risk Tolerance
Degree to which a manager can afford to make a risky decision
Cognitive Dissonance
Difference between the situation as it is and the manager’s perception of the situation
Directive Decision Maker
Assembles important information but emphasizes the necessity of making a quick decision
Conceptual Decision Maker
Tends to create a mental model of the situation and then to base his or her decisions on this mode’s predictions
Behavorial Decision Making
Concentrates on the effects of the decisions on other people
Managerial Decision Making
Increase information leads to better decisions
Bring creativity , experience and knowledge to the process of decision making
Attempt to minimize risk
Analytical Decision Makers
Take a rational, measured approach that relies on receiving as much information as possible
Intuitive Decision Making
A Decision is based on his or her beliefs or emotions
Systematic Decision Making Model
Decision maker uses all of the available data to select the most logical option
Best for programmed decisions
Very little risk
Administrative Decision Model
Perfect information is never available and no person is perfect analysis
Better for complex issues
Political Decision
Primary determinant is the anticipated reaction from those affected by the decision
Best for decisions that need to create consensus and minimize conflict
Good for decisions involving large stakeholders and ambiguous information
Availability Heuristic
Relying on memory rather than available information
Representative Heuristic
use of similar precedents to determine a decision
rather than attention to facts as they are
PDCA Cycle
Plan, Do, Check, Act
4 Step Process planning cycle Identifies needed quality improvement changes Tests changes in small sample Employees determine success Can lead to larger implementation
Strategic Planning Process
1) Identify purpose of organization
2) Determine Goals/Objectives for long/short term
3) Perform detailed analysis of business environment
4) Create Strategy for departments & Organization as a whole
5) Implement plan and review outcomes
SWOT Analysis
Strength, Weakness, Opportunity & Threat
Used for assessing current health of a business
Recruitment
Use of recruitment tactics to attract job applicants and manage their personnel neads
Hiring Process
1) Preliminary Screening: interviewing or phone call
2) In Person interview
3) Reference/Drug Test
Workplace Compensation
compensation is not solely financial and can included vacation days, use of company resources, insurance and indirect financial compensation
Differential Piece Rate Payment
employer pays one rate for a low level of production and higher rate as incentive for greater production