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26 Cards in this Set

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Controlling
Ensuring results by measuring performance and taking corrective action.
What is the 4-step Control Process?
1. Set Performance Objectives
2. Measure Actual Performance
3. Compare Actual to Objectives
4. Take Actions to Control Process
What are the 4 R's? (Disney Example)
Ride
Retail
Rest
Restaurant
What are some examples of Rides and Control? (Disney Example)
-Ridership – Per day, hour, year, demographics
-Customer Satisfaction – surveys, questionnaires, length of lines
-Safety Measures – Height Requirement, Emergency Response
-Maintenance – Repairs, Servicing
Total Costs – Employees, Power, Capital
-Staffing – How many people are needed?
Parts of the Managerial Control Process
-Take actions to control process
-Set performance objectives
-Measure actual performance
-Compare actual to objectives
What are some examples of Restaurants and Control? (Disney Example)
-Customer Satisfaction – service time, quality/popularity of food
-Capacity - # of patrons, seating, by hour, meals time
-Target Audience – demographics, families, elderly
-Price Points – what items are people buying, cheaper, expensive
-Health & Safety
-Break Even Analysis – how much do we need to sell to make up for our costs?
-Staffing
-Margins – profitability analysis
What are some examples of Retail and Control? (DIsney Example)
-Atmosphere – Surveys, marketing to target audience, where to place certain items
-Product Availability – SKU (Stock Keeping Unit) – how well do items sell? Inventory Turnover,
-Product Pricing – which prices result in highest sales?
-Customer Volume – how many enter the store vs. % that purchase products?
What is SKU?
Stock Keeping Unit - Looking at product availability; How well do items sell?
What are some examples of Rest and Control? (Disney Example)
-Distribution of Types of Rooms
-Ambiance Metrics
-Room Amenities
-Length of Stay
-Room Service Speed
-# of individuals using fitness room
-Occupancy Rate
-Quality of Furniture
-Incentives
What are the 3 Managerial Feedback Controls?
1. Feed Forward
2. Concurrent
3. Feedback
Feed Forward Control
Ensures clears directions and needed resources before the work begins. PRE-GAME
Feed Forward Examples (THON example)
PRE-GAME
-Scheduling/Staffing
-Training
-Donors for food
-Schedule entertainment
-Proper use of venue
-Sound/Technical
-Content coordination
-Security
-Media arrangements
Concurrent Control
Focuses on what happens during the work process.
GAME TIME
Concurrent Control Examples (THON example)
GAME-TIME
-Dancers reaction
-Temperature of BJC
-Medical issues
-Audio/visual feed
-Food
-Bathroom issues
Feedback Control
Takes place after completing an action.
POST-GAME
Feedback Control Examples (THON example)
Leadership reviews all aspects of event
And makes adjustments for next year.
What are the 4 External controls involved in the THON example?
-Budgetary
-Market (external)
-Bureaucratic (internal)
-Social Norm (clan)
Management By Objectives (M.B.O.)
A process of joint objective setting between a superior and a subordinate.
What are the 3 M.O.B. ?
1. Joint Plan
2. Act Alone
3. Joint Control
Jointly Plan
-Setting objectives
-Setting standards
-Choosing actions
Individually Act (Act Alone)
-Performing tasks (member)
-Providing support (leader)
Jointly Control
-Reviewing results
-Discussing implications
-Renewing MBO cycle
Internal Control
Occurs as people exercise self-discipline in fulfilling job expectations
External Control
Occurs through direct supervision or administrative systems
Bureaucratic Control
Influences behavior through authority, policies, procedures, job descriptions, budgets, and day-to-day supervision.
Market control
Essentially the influence of market competition on the behavior of organizations and their members.