Shared Flashcard Set

Details

Orgo & Mgmt Ch. 17
Time to get wet
29
Business
Pre-School
12/03/2010

Additional Business Flashcards

 


 

Cards

Term
Controlling
Definition
The process of monitoring, comparing, and correcting work performance
Term
Three Values of Control
Definition

Planning

Empowering Employees

Protecting the Workplace

Term
Control Process
Definition
A 3 step process of measuring performances, comparing performance against a standard, and taking managerial action to correct deviations or inadequate standards
Term
Control Process: Step 1
Definition

Measuring

a. How personal observations, statistical reports, oral reports, and written reports

b. What often determines what employees will do; most work activities can be expressed in quantifiable terms, but when they can't, managers should use subjective terms

Term
Control Process: Step 2
Definition

Comparing

a. Determines the variation between actual performance and a standard

b. Range of Variation:The acceptable parameters of variance between actual performance and a standard

Term
Control Process: Step 3
Definition

Taking Managerial Action

a. Three choice: Do nothing, correct actual performance, and revise the standard

b. Immediate Corrective action: Corrective action that adresses problems at once to get performance deviated before correcting the source of deviation

c. Basic Corrective Action: Corrective action that looks at how and why performance deviated before correcting the source of deviation

Term
Range of Variation
Definition
The acceptable parameters of variance between actual performance and a standard
Term
Immediate Corrective Action
Definition
Corrective action that addresses problems at once to get performance deviated before correcting the source of deviation
Term
Basic Corrective Action
Definition
Corrective action that looks and how and why performance deviated before correcting the source of deviation
Term
Performance
Definition
The end result of an activity
Term
Organizational Performance
Definition
the accumulated results of an organization's work activities
Term
2 Measures of Organizational Performance
Definition

Productivity

Organizational Effectiveness

Term
Productivity
Definition
The amount of goods or services produced divided by the inputs needed to generate the output
Term
Organizational Effectiveness
Definition
A measure of the appropriateness of organization goals and how well those goals are being met
Term
3 types of control
Definition

Feedward control

Concurrent control

Feedback control

Term
Feedward control
Definition

a. Most desirable type

b. Prevents problems before they occur

c. Requires timely and accurate information that isn't always available

Term
Concurrent control
Definition

a. Takes place while a work activity is in progress

b. takes place after the activity is done

c. Management by walking around: a manager being out in the work area, interacting directly with employees

Term
Feedback control
Definition

a. Most popular type of control

b. Takes place after the activity is done

Term
Balanced Scorecard
Definition
A performance measurement tool that looks at more than just financial persepective
Term
2 ways managers deal with information control
Definition

1) As tools to help control organizational activities

2) As organizational areas they need to control

Term
MIS (Management information systems)
Definition
A system used to provide management with needed information on a regular basis
Term
Benchmarking
Definition

The search for the best practices among competitors or noncompetitors that lead to their superior performance

**Used to identify specific performance gaps and potential areas of improvement**

Term
4 Issues managers face
Definition

Cross-cultural difference

Workplace concerns

Customer interactions

Corporate governance

Term
Cross-cultural difference
Definition

a. Managers in countries where technology is more advance often use indirect controls and direct supervision

b. Less technology advanced, more direct supervision and highly centralized decision-making for control

Term

Workplace concerns

 

Definition

a. Privacy

b. Employee theft: any unauthorized taking of company property by employees for their personal use

c. Violence

Term

6 of 12 primary contributors to dysfunctional work environments

 

Definition

1) Employee work driven by time, numbers and crisis

2) Rapid and unpredictable change

3) Authoritarian leadership with rigid, militarisic style

4) Double standards in policy and procedure

5) Emotionally troubled employees the no helo from management

6) Repetetive, boring work

Term
Service profit change
Definition
The service sequence from employees to customers to profit
Term
Corporate governance
Definition
The systems used to govern a corporation so that the interests of corporate owners are protected
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