Fundamentals of Management, 11/e

Long description

The details of the cells on the right of the figure are as follows:

• Is standard being attained? (purple)

• If Yes: Do nothing (pink); leading to Measure actual performance (blue)

• If No: Is variance acceptable? (purple)

• If yes: Do nothing (pink); leading to Measure actual performance (blue)

• If No: Is standard acceptable? (purple)

• If yes: Identify cause of variation (pink)

  • Correct performance (pink); leading to Measure actual performance (blue)

• If No: Revise standard (purple)

The details of the cells on the left of the figure are as follows:

Goals (green) points to Standard (green) which also receives input from Revise standard (purple)

Standard (green) points to Compare actual performance with standard (blue) and Measure actual performance ...