Examlex
It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently. He turned factory production into a science. Suppose work was completed in the factory based on what the floor manager decided and workers were paid a base daily wage plus a bonus when they produced more than expected. How does this firm organize production?
Action Planning And Follow-Up
The process of defining business strategies and steps, and ensuring their implementation and effectiveness are monitored.
Reality Check
An assessment to determine if one's perceptions or beliefs align with the actual situation.
Self-Assessment
The process through which an individual evaluates their own skills, qualities, and performance, often in a professional or educational context.
Glass Ceiling
An invisible barrier that prevents certain individuals or groups, often women and minorities, from advancing beyond a certain level in a hierarchy due to biases.
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