Angels – private investors who are willing to supply financing for new and/or risky small venture start-ups.
income statement – summarizes revenues + expenses
Fixed Ration Schedules – Reinforce behaviors after a certain number of them have been exhibited
Operations management – The field of management that specializes in the physical production of goods to services. Uses quantitative techniques to solve manufacturing problems.
Benchmarking – The process of comparing an organization's practices and technologies with those of other companies.
Porter's Five Forces – is a powerful and widely used tool for diagnosing the principle competitive pressures in a market that includes the following forces: Competition from rival sellers, Competition from potential new entrants, Competition from producers of substitute products, Supplier bargaining power, and Customer bargaining power.
Normative – Defines how decision makers SHOULD make decisions
imterest group – group organized by its members to influence a business
In a process line balancing problem, given the following data, determine the percentage idle time. Station Station Time (min) 1 4.2 2 4.7 3 4.4 4 4.8 Cycle time = 5.5 minutes
Destructive feedback – feedback that disapproves without any intention of being helpful and almost always causes a negative or defensive reaction in the recipient
core capabilities – things you can do well compared to others.
Equity theory – Motivation depends on whether employees perceive their work outcomes to be fair
In а prоcess line bаlаncing prоblem, given the fоllowing data, determine the percentage idle time. Station Station Time (min) 1 4.2 2 4.7 3 4.4 4 4.8 Cycle time = 5.5 minutes
oculesics – eye contact during communication