Misc Flashcards

1
Q

Industrial Revolution

A

18th Century

brought complexity and growth to organizations

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2
Q

Quid pro quo

A

a favor or advantage granted or expected in return for something

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3
Q

Value stream mapping

A

A toll that deconstructs a procedure & defines the value each step provides in relation to the goal

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4
Q

PESTLE

A

Political, Economic, Social, Technological, Legal, & Environmental trends

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5
Q

Grievance

A

A complaint formally stated in writing

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6
Q

Weingarten rights

A

Unionized workers have the right to Union representation in a conversation where discipline may result

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7
Q

Adverse action

A

When EE feels their treatment by employers puts them at a disadvantage

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8
Q

Lean Approach

A

Best value from the least amount of resources

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9
Q

Six Sigma Approach

A

Process mapping, value stream mapping

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10
Q

SMART Goals

A
Specific
Measurable
Achievable
Relevant 
Timely
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11
Q

Recent study

A

Within 3 years

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12
Q

Gap Analysis

A

Views a process when there is a discrepancy b/w expected performance and actual performance

(Especially when benchmarks, milestones, & goals are not met)

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13
Q

Milestones

A

Progressive periods by which certain business activities are expected to be completed (i.e. each fiscal quarter w/i a fiscal year)

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14
Q

Validated process

A

A process in which the inputs are tightly controlled and produce the same desired output each time the process takes place.

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