Premium pay is a special pay rate given to employees for working weekends, holidays, or late shifts, or for doing hazardous work. Also known as penalty pay, it incentivizes work during unattractive times or in dangerous occupations.
Comprehensive overview of the role and responsibilities of the President in a corporate structure.
Keeping property and equipment in a good state of repair to minimize the need for costly major repairs or replacements. The life of a system can be prolonged through continual preventive maintenance.
A Prime Contractor, also known as a General Contractor, is responsible for the overall coordination and management of a construction project, ensuring that the project is completed on time, within budget, and meets all required standards.
Proactive refers to having an orientation to the future, anticipating problems, and taking affirmative steps to deal positively with them rather than reacting after a situation has already occurred.
A thorough explanation of the process division management method used in manufacturing organizations to optimize productivity by segmenting procedures.
Procurement involves the acquisition of goods including materials, parts, supplies, and equipment essential for business operations. It constitutes a significant part of business expenses.
Understanding the stages of introducing a new product or service, from market analysis to customer feedback.
A comprehensive overview of product lines, including definition, types, special considerations, examples, historical context, and applicability in business strategy.
Overview of the Product Manager role, responsibilities, and its importance in the product lifecycle.
An in-depth explanation of Product Mix, its types, considerations, examples, and applicability in business strategy.
Comprehensive coverage of production control including planning, routing, scheduling, dispatching, and inspection of operations or items being manufactured.
Production forecasting is the process of estimating the amount of production necessary to meet sales forecasts for a specific period. Key considerations include previous sales data, economic conditions, consumer preferences, and competition. This process is essential for budgetary and scheduling decisions.
Understanding the metrics and implications of the rate at which a production line manufactures a product.
A comprehensive overview of production-oriented organizations, their primary functions, examples, and their role in various industries.
Comprehensive coverage of productivity, its measurements, factors influencing it, and historical context.
A detailed look into Professional Employer Organizations (PEOs), their functions, types, historical context, applicability, comparisons, related terms, FAQs, and more.
Program Budgeting is a method of budgeting expenditures aimed at meeting specific programmatic objectives rather than a traditional line-item basis, using performance objectives to prioritize costs across related functions.
A comprehensive guide to the Program Evaluation and Review Technique (PERT), a planning and control method used to minimize interruptions and delays in projects with interrelated functions, aiding in reducing completion time.
Comprehensive definition of Project Management, covering its aspects related to task assignments, coordination with organizational divisions, and its importance in achieving organizational goals.
An in-depth analysis of promotions in both job advancement and marketing techniques, including historical context and practical applications.
An in-depth look into Property Management covering rental, rent collection, maintenance, accounting, reporting, leasing, and more.
A detailed explanation of a punch list, its purpose, types, and application in various fields such as construction, real estate, and machine repairs, inclusive of historical context and related terms.
Quality refers to a characteristic or standard measure of excellence and the basic character of something. It is a measure of the degree to which a product, service, or process meets specified requirements and customer expectations.
Quality Assurance (QA) is a management method of guaranteeing that high-quality product and service standards are established and achieved. This comprehensive management system strives for Total Quality Management (TQM) with the ultimate objective of achieving zero defects.
Quality Circles are small groups of employees meeting regularly within an organization to discuss and develop management issues and procedures, contributing to organizational improvement with the approval of management.
Quality Control (QC) is the process of ensuring products are made to consistently high standards of quality through inspection at various stages of manufacture.
An in-depth look at Quality Management, its principles, methods, and application within organizations.
An extensive analysis of Quality of Work Life (QWL), including its definition, importance, historical context, factors influencing QWL, and its impact on organizational performance and employee well-being.
A comprehensive exploration of the concept of quorum, its historical context, types, applicability in various fields, and related terms.
A comprehensive definition of quota, including its types, historical context, applicability, and related terms.
An individual who brings significant amounts of new business to a company such as a law or accounting firm.
An in-depth examination of recalls, including the process, government involvement, and related terminology in the context of defective products and safety hazards.
Detailed understanding of Records Management: definitions, types, processes, best practices, historical context, and its relevance in various sectors.
Recruitment refers to the act of seeking prospective new employees or members for an organization. It is a vital function to maintain and enhance the workforce, ensuring the organization remains competitive and operational.
Understanding Recruitment Bonus: Its Purpose, Applications, and Impact
A comprehensive guide to reengineering, including its definition, types, historical context, examples, applicability, related terms, and FAQs.
An in-depth explanation of Regional Shopping Centers, including their characteristics, types, historical context, and related terms.
A comprehensive guide on the concept of relocation, including types, considerations, examples, historical context, and related terms.
Relocation Service: An in-depth encyclopedia entry detailing the functions, types, considerations, and applicability of relocation services for employee transitions between cities.
An in-depth exploration of the Reorder Point, its calculation, importance, and applications in inventory management.
Detailed overview of a Request for Proposal (RFP), including its types, importance, structure, and practical considerations.
A requisition is a formal request issued by a department to acquire necessary materials not regularly stocked, also known as a purchase or stock requisition. It is essential in ensuring prompt and organized material supply within organizations.
Reschedule refers to arranging an activity or event for a different time than initially planned. It is commonly necessary for flexibility in organizing due to unforeseen factors, such as weather conditions, participant availability, or other unexpected circumstances.
Research and Development (R&D) refers to the systematic activities undertaken by companies to innovate and introduce new products or services. From conceptualization in the lab to market definition and mass production, R&D is the backbone of continual innovation and competitive advantage.
Reserve-stock control is a technique that designates appropriate inventory levels for the maintenance of business operations until new merchandise can be supplied, taking into account the time needed to physically replenish inventory.
A Resident Manager supervises the maintenance and management of an apartment complex while residing on-site, ensuring cleanliness, handling tenant relations, and providing access to service personnel.
Comprehensive overview of resources in an organizational context, including money, people, time, and equipment. Insight into resource allocation and its critical importance in management.
A comprehensive guide to understanding the commitments and duties associated with responsibility within an organization, its impacts on effectiveness and productivity, and additional details.
Restructuring is the process of reorganizing the operations and composition of an organization, often leading to significant changes, including layoffs and departmental shifts.
Comprehensive overview of risk avoidance, its methods, applicability, historical context, and relevant examples in various fields.
A comprehensive overview of the term 'rundown,' which refers to a concise status report or summary often used in professional settings.
The role and significance of Safety Commissions in promoting and supervising safety practices within organizations, distinguishing between public and private sector functions.
An in-depth exploration of salary, including its components, types, and significance in employment.
Sales incentives are remunerations offered to salespersons for surpassing predetermined sales targets, and they can be in the form of cash, prizes, or special promotions.
The process of creating a structured timeline for events and activities, determining their sequence and allocation of resources.
Segregation of Duties (SoD) is an internal control concept where responsibilities are divided among different individuals to prevent misuse and errors in an organization.
A comprehensive overview of the seniority system, a method used to determine employment benefits and distinctions based on the length of service. Explores the principles, usage, examples, and implications within organizations and unions.
Sensitivity training is a method of laboratory training where an unstructured group of individuals exchange thoughts and feelings on a face-to-face basis. This training method gives insight into how and why others feel the way they do on issues of mutual concern.
Shakedown is a trial run conducted before putting a procedure, system, or application into production to identify and resolve potential problems or 'bugs' prior to actual use.
An in-depth examination of 'shakeup', a rapid change in the management and structure of an organization, its causes, effects, and strategies for coping with the associated trauma and uncertainty.
A Shop Steward is a union member elected by fellow union members to represent them in discussions and negotiations with management regarding grievances, requests, and labor conditions.
Situational Management is a management method where the current state of the organization determines the operational procedures to achieve desired outcomes. It emphasizes a very adaptive management style.
An in-depth exploration of Social Audits, a comprehensive method for evaluating a company's level of social responsibility.
Understanding the Span of Control, a key principle of management indicating the number of employees a manager can supervise effectively.
A deep dive into Special-Purpose Entities (SPEs), their structure, purpose, types, historical context, relevance, and associated risks.
Special-purpose teams are temporary organizational teams created to resolve specific issues, providing efficient and focused problem-solving.
Exploring the concept of splintered authority, where decision-making is fragmented across multiple managers, leading to complex managerial dynamics.
A SPOT CHECK is an unannounced supervisory check on work performance or product quality carried out at random intervals to ensure high performance standards are consistently met.
Comprehensive definition and roles of staff within an organization, including management functions and authority.
An overview of staff authority in organizational management, explaining its role, characteristics, and impact on advising but not directing other managers.
Statutory Notice is the period of time required by law to give notice of the date that something will occur. This entry explores its definitions, types, applications, and legal considerations.
A detailed exploration of stopwatch studies, a component of time and motion studies in management and their historical significance.
A comprehensive exploration of strategic alliances as long-term associations between two or more organizations sharing initiatives and resources for mutual competitive advantage.
The process of determining a firm's future environment and response to organizational challenges, essential for making crucial decisions that define the firm's direction.
A comprehensive guide to understanding strategy, including its definition, different types, historical context, applications, and related terms.
A Straw Boss is an under-foreman or group leader having delegated authority to supervise others, often without formal title or permanent status.
A comprehensive overview of strike votes, their significance in labor unions, procedure, and implications for both employees and employers.
A structured interview is a formalized and pre-planned interview format where the interviewer carefully controls the subjects discussed, and the nature of the question and response format.
The act of utilizing a resource, system, or process to a less than the maximum degree of output, thereby not operating at its fullest potential.
A comprehensive guide to understanding the role and significance of subcontractors in various industries, including definitions, examples, and frequently asked questions.
A Suggestion Box is a method for obtaining employee feedback by having a box or receptacle where employees can place anonymous or signed comments.
A comprehensive exploration of suggestion systems, focusing on their role in eliciting worker suggestions for management and obtaining employee feedback.
A comprehensive overview of the role of a Superintendent, focusing on responsibilities, types, examples, and historical context within organizations.
Comprehensive coverage of Supply Chain Management (SCM), tracking components, optimizing production, minimizing inventory, and reducing costs.
Detailed Exploration of Tactical Objectives, their Purpose, Framework, and Examples.
A detailed overview of takeovers, including types, techniques, historical context, and related terms.
An in-depth look at the process of taking inventory, including its methods, significance, frequency, and connection to physical inventory.
A detailed study of Tall Organization, its structure, benefits, drawbacks, applicability, and comparisons with other organizational structures.
A task force is a temporary team assembled to achieve a specific objective, typically involving investigative activities, and is disbanded after completing its mission.
A task group is a specialized organizational unit formed to achieve specific objectives within a parent organization, either for ongoing responsibilities or short-term tasks.
Task Management is the systematic process of coordinating the sequence of procedures and materials necessary for the efficient completion of various tasks.
A comprehensive guide on team building, a vital organization development technique focused on improving a work group's performance and attitudes through goal clarity and mutual expectations.
Team management involves the coordination and supervision of a group of individuals working together toward a common goal. It includes setting objectives, prioritizing tasks, analyzing workflows, and optimizing decision-making processes.
Telecommuting involves performing job-related tasks using telecommunications to transmit data and messages to a central office without being physically present. It optimizes information processing and reduces commuting costs and organizational overhead.
Theory X is a management theory developed by Douglas McGregor, stating that managers must coerce, cajole, threaten, and closely supervise subordinates in order to motivate them. It represents an authoritarian supervisory approach to management.
Detailed exploration of Theory Y, a management approach that believes employees are inherently motivated, creative, and seek responsibility under the right conditions.
Theory Z: Management theory developed by William Ouchi, describing a system characterized by worker involvement, high productivity, and rewards. This approach bridges Japanese and American management styles and promises universal applicability.
A comprehensive guide to threshold-point ordering, a technique in inventory management to meet anticipated user demand by reordering at a predetermined inventory level.
A detailed exploration of the term 'Tight Ship,' signifying tightly controlled organizational management with strict adherence to procedures.
