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Management by Objective – A Performance Management System

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

[cite] Back to: Business Management Management By Objective as a Performance Management System Peter Druckers management by objectives (MBO) approach is one of the first systematic approaches addressing management goals and objectives. As such, MBO can be viewed as a...

Balanced Scorecard – Performance Management

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT The Balanced Scorecard as a Performance Management System The Balanced Scorecard is a Performance Management system developed in the early 1990s by Robert Kaplan and David Norton. The Balanced...

Performance Prism

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT What is the Performance Prism? The Performance Prism (PP) is a further development of the Balanced Scorecard. Basically, unlike the balanced scorecard, it employs a stakeholder approach to developing...

Quality Assurance

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT What is Quality Assurance? Quality assurance is a management system designed to provide confidence that a product or service meets expected quality standards. Said confidence is relevant to managers...

Lean Management Methodology

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

[cite] Back To: OPERATIONS MANAGEMENT What is Lean Control? Lean control (or simply Lean) is a process used to control non-financial aspects (work processes, purposes, and people) of organizational performance – all with the purpose of improving quality and...
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