Lecture Notes Week 5 (Class 9)
Lecture Notes Week 5 (Class 9) BA 101
Popular in Intro to Business
Popular in Business
This 3 page Class Notes was uploaded by howellkaila on Friday February 6, 2015. The Class Notes belongs to BA 101 at University of Oregon taught by Tom Durant in Winter2015. Since its upload, it has received 70 views. For similar materials see Intro to Business in Business at University of Oregon.
Reviews for Lecture Notes Week 5 (Class 9)
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 02/06/15
Week 5 Lecture Notes I Class 9 l Since we had a midterm this week notes for Week 5 are a little shorter Class 9 Human Resources and Total alitv Management Total Qualitv Management TQM Increasing expectations of quality and performance through advanced production techniques Definition the act of monitoring and improving the quality of products and services a company produces Primary Objectives Educate and train managersemployees Encourage increased responsibility Discover production improvements Overall TQM is investina to improve the process in which tasks are accomplished Initiatives and Benefits Continuous Process Improvement CPI O Reduces material costs Vendor Just in Time Inventory 0 Reduces material inventory carrying and admin costs Quality Initiative Training 0 Reduces labor costs Channel Support Systems 0 Improves sales budget and demand Concurrent Engineering 0 Reduces RampD cycle time UNEP Green Programs 0 Reduces material cost and increases demand for environmentally friendly products Benchmarking 0 Reduces admin and inventory carrying costs Quality Function Deployment Effort 0 Reduces RampD cycle time and increases the effect of the sales and promo budget 6 Sigma Concurrent Earnings O Reduces material and labor cost and increases marketing effectiveness GEMI TEQM O Reduces labor and material costs To get best results when investing in an initiative benefit Spend between 250000 and 1000000 per year DO NOT spend more than 2000000 on a single benefit throughout all of the rounds Best Approach 0 1st year 750000 0 2nd year 750000 0 3rel year 500000 I Now you can go on to invest in another benefit because you reached your 2000000 maximum with this one I REMEMBER to always invest a of the 2000000 in a category Ifyou start investing you have to finish investing I When choosing a benefit to invest in choose the one that will help you the most Be Selective man Resources People39s role in business activities Complement The number of workers When you see needed complement in foundation it is the number of workers needed to not have overtime 0 If you expect overtime put 100 in needed complement Caliber The talent of the workforce the higher the investment the higher productivity and lower employee turnover Training the investment of time leads to higher productivity and lower employee turnover Downside takes people away from job while they are training Mangers Their choices decisions and behavior defines where the employees work They shape the organization through Employee agreement Structure of the job Interpersonal interaction 0 giving people decency and respect Managers looked at in a new way Trends and Issues 0 Managing Work not People 0 Adaptive approach for each worker O Emphasizes the meaningfulness of the job and the worker39s contribution O Accountable and has feedback 0 Globalization Unions While it is a good way to stand up for worker39s rights they have been declining because Increased employment risk Marginal products 0 Markets are more competitive Physical Capital O In service especially is now more variable Government Regulations 0 Progressive management has made unions unnecessary Management and Labor Lines have Blurred However some unions are still thriving such as the Screen Actors Guild
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'