Intro, del 2 Flashcards
What does scientific management rely on for decision making?
Scientific management relies on data and facts, not intuition or guesswork.
How does data-driven decision making benefit organizations?
It allows organizations to make informed decisions, set realistic goals, and monitor progress.
What is one advantage of using a data-driven approach in scientific management?
It helps organizations adapt to changing circumstances and supports continuous improvements.
How does data-driven decision making help with goal setting?
It helps set realistic goals based on actual data, which leads to more achievable objectives.
What is one of the key outcomes of using data-driven decision making?
It enables organizations to monitor progress and make necessary adjustments to improve performance.
What does scientific management ensure regarding resource utilization?
It ensures the optimal utilization of resources such as labor, materials, and equipment.
How does effective resource utilization benefit an organization?
It minimizes waste and maximizes return on investment for resources, contributing to cost control and profitability.
How does scientific management contribute to cost control?
By minimizing waste and ensuring efficient use of resources, scientific management helps organizations control costs.
What is one effect of optimal resource utilization in scientific management?
It improves profitability by making better use of available resources and reducing unnecessary expenses.
What impact does effective resource utilization have on productivity?
It enhances productivity by using resources more efficiently, leading to increased output with fewer resources.
What is the core concept of scientific management related to improvement?
Continuous improvement is the core concept of scientific management.
How does scientific management help organizations stay competitive?
It helps organizations identify areas for improvement and implement changes to stay competitive in a rapidly changing business environment.
Why is adaptability important in today’s business environment?
Organizations need to adapt quickly to changing market conditions, technologies, and customer preferences.
How do scientific management principles help organizations in a dynamic business environment?
They help build a culture of adaptability and agility, enabling quick responses to changes.
What is one advantage of continuous improvement for organizations?
It helps organizations stay competitive by constantly improving their processes and adapting to external changes.
