Chapter 07 - Chapter7 Control...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
©2004 by Nelson, a division of Thomson Canada Limited 1 Chapter 7 Control
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
©2004 by Nelson, a division of Thomson Canada Limited 2 What Would You Do? Howmet opened a new plant in Laval Aircraft parts market plummeted Layoffs were a possibility How can costs be cut to make up for the  sales shortage?
Background image of page 2
©2004 by Nelson, a division of Thomson Canada Limited 3 Learning Objectives: Basics of Control After reading the next two sections,  you should be able to: 1. describe the basic control process 2. answer the question: Is control  necessary or possible?
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
©2004 by Nelson, a division of Thomson Canada Limited 4 The Control Process Establish clear standards Compare actual to standard  performance Take corrective action, if  needed Control is a continuous,  dynamic process Three basic methods
Background image of page 4
©2004 by Nelson, a division of Thomson Canada Limited 5 Standards Determine what should be  benchmarked Identify companies against which to  benchmark standards Collect data to determine other  companies’ performance standards
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
©2004 by Nelson, a division of Thomson Canada Limited 6 The Control Process Actual performance Measure performance Compare with standards Identify deviations Analyze deviations Develop program for corrections Implement program for corrections Desired performance Adapted from Exhibit 7.1
Background image of page 6
©2004 by Nelson, a division of Thomson Canada Limited 7 Basic Control Methods Feedback control Gather information about performance deficiencies  after they occur Concurrent control Gather information about deficiencies as they  occur Feedforward control Gather information about performance deficiencies  before they occur
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
©2004 by Nelson, a division of Thomson Canada Limited 8 Guidelines for Feedforward  Control Thorough planning and analysis required Careful discrimination of input variables System must be dynamic System model should be developed Data regularly collected Data regularly assessed Requires action Adapted from Exhibit 7.2
Background image of page 8
9 Is Control Necessary  or Possible? Is more control necessary?
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/08/2010 for the course MGMT 2300 taught by Professor Thompson during the Spring '09 term at Nipissing.

Page1 / 33

Chapter 07 - Chapter7 Control...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online