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Describe Value-Stream Mapping

question 43

Essay

Describe Value-stream mapping.Explain how it is different from process mapping.


Definitions:

Management-By-Objectives

Management-By-Objectives is a performance management approach where employees and managers define and agree on specific objectives to be achieved within a timeframe.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, often influencing promotions, pay raises, and development.

Factors

elements or components that contribute to a particular outcome or situation.

Employee's Decision

The choices made by an employee regarding their job and career path, including job acceptance, resignation, or retirement.

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