Shared Flashcard Set

Details

Supervision Today!
Chapter 3
39
Business
Undergraduate 1
02/10/2011

Additional Business Flashcards

 


 

Cards

Term
Formal Planning
Definition
Specific goals are made and put into writing, and shared with other members of the organization.
Term
Productivity
Definition
Output per labor hour.
Formula: Productivity= Output/ (Labor+Capital+Materials)
Term
Strategic Planning
Definition
Covers the entire organization: includes establishing overall goals and positioning the companies products or services against competitors
Term
Tactical Planning
Definition
Specific details to how overall goals are to be acheived
Term
What type of planning does a supervisor usually focus on?
Definition
Tactical Planning
Term
What type of planning does a top manager focus on?
Definition
Strategic Planning
Term
Short Term Plans
Definition
Less than one year
Term
Intermediate-term Plans
Definition
Covers from one to five years
Term
Long term plans
Definition
A period of more than five years
Term
What length of term plans do supervisors, middle managers, and top managers use?
Definition
Supervisors- Short term: planning the next month, week, or day.
Middle Managers- Intermediate-term
Top Managers- Long term
Term
Benchmarking
Definition
The search among competitors or noncompetitors for the best practices that lead to superior performance
Term
ISO 9000 Series
Definition
Designed by the International Organization for Standardization in Geneva, Switzerland.

Independent auditors attest that a companies factory, laboratory, or office has met quality management standards.
Term
What do the ISO 9000 Series standards assure customers of?
Definition
That the organization uses specific steps to test the product it sells; continuously trains it's employees to have up-to-date skills, knowledge, and abilities; maintains satisfactory records or operations; corrects problems when they occur
Term
ISO 14000
Definition
Certification demonstrating that the organization is environmentally responsible
Term
Six Sigma
Definition
A philosophy and measurement process created in the 1980's at Motorola.

Rather than measuring the quality of a product after it is produced, "six sigma" attempts to "design in" quality as the product is being made.
Term
Standing Plan
Definition
A plan that can be used over and over again when a manager is faced with reoccurring situations
Term
Policies
Definition
Broad guidelines for supervisory action
Term
____________ typically establish policies
Definition
Top Managers
Term
__________ interpret and apply policies
Definition
Supervisors
Term
Procedures
Definition
A standardized way of responding to repetitive problems
Term
Rule
Definition
An explicit statement that tells an employee what he or she ought to or not ought to do.
Term
Single-use Plans
Definition
A detailed plan or action used only once (or rarely) to handle a problem that doesn't occur frequently
Term
What are the three most popular types of single-use plans?
Definition
Programs, Budgets, and Schedules
Term
Programs
Definition
A non-reoccurring single-use plan for a specific major undertaking within an organizations overall goals
Term
Budget
Definition
A numerical plan that expresses anticipated goals in dollar terms
Term
Schedules
Definition
Detailed planning of activities to be done, what order they are to be done in, and who is to complete them, and when the activity is to be finished
Term
Two Popular Scheduling Techniques:
Definition
Gantt Chart, PERT Chart
Term
Gantt Chart
Definition
Developed in early 20th century by Henry Gannt is a bar chart with time on the horizontal axis and tasks on the vertical axis in order to show when tasks should be done and compares actual progress on each task.
Term
PERT stands for
Definition
Program Evaluation and Review Technique
Term
PERT
Definition
A diagrm that depicts the sequence of activities needed to complete a project and the time or costs associated with each activity
Term
A PERT chart allows a supervisor to:
Definition
Monitor a projects progress, identify possible bottlenecks, and shift resources in order to keep tasks on schedule
Term
Events
Definition
Endpoints that represent completion of major activites
Term
Activities
Definition
The time or resources required to progress from one event to another
Term
Critical Path
Definition
the longest or most time consuming sequence of events or activities in a PERT chart
Term
Goal Setting
Definition
Employees setting specific goals jointly with a supervisor
Term
The four aspects important to goal setting:
Definition
Goal specificity, participation, time limits, performance feedback
Term
Entrepreneurship
Definition
Process of initiating a business venture, organizing the necessary resources, and assuming the risks and rewards
Term
3 major factors of an entrepreneur
Definition
high need for achievement, believe strongly that they can control their own destinies, and they only take moderate risks
Term
Business Plan
Definition
A written document that expresses the founders visions and describes the strategies and operations of the organization
Supporting users have an ad free experience!