Misc Flashcards
Industrial Revolution
18th Century
brought complexity and growth to organizations
Quid pro quo
a favor or advantage granted or expected in return for something
Value stream mapping
A toll that deconstructs a procedure & defines the value each step provides in relation to the goal
PESTLE
Political, Economic, Social, Technological, Legal, & Environmental trends
Grievance
A complaint formally stated in writing
Weingarten rights
Unionized workers have the right to Union representation in a conversation where discipline may result
Adverse action
When EE feels their treatment by employers puts them at a disadvantage
Lean Approach
Best value from the least amount of resources
Six Sigma Approach
Process mapping, value stream mapping
SMART Goals
Specific Measurable Achievable Relevant Timely
Recent study
Within 3 years
Gap Analysis
Views a process when there is a discrepancy b/w expected performance and actual performance
(Especially when benchmarks, milestones, & goals are not met)
Milestones
Progressive periods by which certain business activities are expected to be completed (i.e. each fiscal quarter w/i a fiscal year)
Validated process
A process in which the inputs are tightly controlled and produce the same desired output each time the process takes place.