You Make the Call-Situation 3
Steve Peplin is the president of Talan Products, a metal stamper based in Cleveland. Peplin has a long-term relationship with his banker. But recently his firm ran into financial difficulty, and the bank is demanding that Peplin personally guarantee 100 percent of the company's loans. Peplin would prefer not to do so, but isn't sure that he has a choice.
(Source: "Hands On," Inc., Vol. 25, No. 8 (August 2003), p. 50.)
Definitions:
Work Methods
The procedures and techniques employed to complete tasks efficiently and effectively in a workplace.
Performance Standards
Criteria established for evaluating the effectiveness and efficiency of employees' work or organizational productivity.
Motion Study
The science of reducing a task to its basic physical motions.
Task Evaluation
The process of assessing the performance and effectiveness of a specific task or activity in achieving its objectives.
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