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programmed decisions
decision reached by following established policies and procedures
nonprogrammed decisions
Relatively unstructured decision that takes a higher degree of judgment
conditions of certainty
adequate information is available to assure results of decision
conditions of risk
results of decision are uncertain; probability techniques are necessary for estimating the likelihood of events occurring in the future
conditions of uncertainty
occurrence of future events cannot be predicted
game theory
introduces a competitive note in decision making by bringing into a simulated decision situation the actions of an opponent
queuing theory
develops relationships involved in waiting in line
simulation
using some device for imitating a real-life occurrence and studying its properties, behavior, and operating characteristics
artificial intelligence
a computer program that attempts to duplicate the thought processes of experienced decision makers
expert systems
artificially intelligent computer software programs that solve problems by emulating the problem-solving behavior of human experts.
groupthink
situation where reaching an agreement becomes more important to group members than arriving at a sound decision
risky shift
tendency of individuals to take more risk in groups than as individuals
grapevine
informal communication channel in which information is passed from one employee to another
negotiation
a process in which two or more parties make offers, counteroffers, and concessions in order to reach an agreement
human resources management (HRM)
involves an integrative process of recruiting, selecting, training, developing, compensating, supervising, and maintaining the workforce needed to achieve an organization's goals.
human resources planning
the process of anticipating and making provision for the movement of people into, within, and out of an organization
job enlargement
increase in the total number of tasks employees perform
job enrichment
increase in opportunities for responsibility, achievement, growth, and recognition
job design
an outgrowth of job analysis that is concerned with structuring jobs to improve organizational efficiency and employee job satisfaction
job
set of tasks to be performed by a given employee
job description
tasks, duties, and responsibilities of a job, the job's working conditions, and the tools, materials, and equipment used to perform it
job analysis
process of obtaining information about jobs by determining the duties and tasks or activities of those jobs
performance standards
desired results at a definite level of quality for a specified job
equal employment opportunity
policy of equal employment (nondiscrimination) for all
discrimination
the prejudicial or unfair treatment of individuals or groups based on certain characteristics
recruitment
process of locating and encouraging potential applicants to apply for a job opening
selection
process of comparing applicant knowledge, skills, and abilities to those required of a position and choosing applicant most qualified
orientation
formal process of familiarizing new employees to the organization, job, and work unit
structured interview
interviewer asks same specific questions of all interviewees
interviewer knows in advance the questions that are to be asked
are frequently used in interviews for lower-level jobs; often questions focused on a candidate's behavior
unstructured interview
interviewer has the freedom to ask questions he or she believes are important
broad questions, such as "tell me about your previous job" are asked
generally used with higher-level personnel in the organization because of the broad nature of these jobs
performance appraisals
the assessment of an employee's performance during a specified period of time
halo effect
when a single trait dominates the assessment of another individual
management by objectives (MBO)
a method for performance evaluation that is used primarily with managerial and professional personnel
scientific management
the systematic approach to improving worker efficiency based on the collection and analysis of data
compensation
the financial remuneration given by the organization to its employees in exchange for their work
benefits
noncash compensation given to employees by their employer as part of their employment
employee assistance program (EAP)
program that provides diagnoses, counseling, and referral for advice or treatment for problems related to alcohol or drug abuse, emotional difficulties, and marital or family difficulties
staffing
concerns the determination of the appropriate number of employees needed by the operation for the work that must be accomplished
job analyses and work production standards provide basis for determining staff needs
scheduling
having the correct number of employees on duty, as determined by staffing needs
involves assignment of employees to specific working hours and workdays
the challenge of scheduling is having sufficient staff for busy meal periods without having excess staff during slack periods between meals
work measurement
a method of establishing an equitable relationship between the amount of work performed and the human input used to do that work
staffing tables
pictorial representations of all jobs with the number of employees in those jobs and future employment requirements
bargaining unit
group of jobs represented in the union contract negotiations
collective bargaining
negotiation between management and the union on terms of the collective agreement between them
labor relations
interaction between management and the labor union
union salting
union organizers who apply for positions in non-unionized companies and when hired, work to form a union of the employees
union steward (shop steward)
union employee who is elected to represent other union members in their relations with an immediate supervisor or other managers
Full-time equivalents (FTEs)
number of total hours worked in a week divided by 40 (the number of hours worked by one full-time employee) to determine the number of full-time equivalent employees
meal equivalent
calculation of numbers of snacks, nourishment, paid meals, into a common number of meals
reliability
ability to produce consistent results
validity
ability to produce accurate results
1.55 employees with 1 FTE = 40 hours / week
How many employees are needed for everyday coverage of full-time positions?
auditing
an area of accounting concerned with an independent review of accounting records involving examination of records that support financial reports and formulation of an opinion regarding the fairness and reliability of these reports
assets
resources of a company
liabilities
debts of a company
owner's equity
money value of a company in excess of its debts that is held by the owners
fixed costs (FCs)
costs that do not vary with changes in the volume of sales
variable costs (VCs)
costs that vary directly with changes in sales
contribution margin
proportion of sales that can contribute to fixed costs and profits after variable costs have been covered
balance sheet
statement of assets, liabilities or debts, and capital or owner's equity at a given time or at the end of the accounting period
income statement
financial report that presents the net income or profit of an organization for the accounting period
common-size statements
financial statement in which data are expressed as percentages for comparing results from one accounting period to another
break-even analysis
technique for assessing financial data to determine the point at which profit is not being made and losses are not being incurred
budget
plan for operating a business expressed in financial terms
pro forma statement
statement that projects expected income and expenditures
time value of money
money has a differing value over time; having $1 today is worth more than receiving $1 in the future
marketing
an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders
marketing research
the function that links the consumer, customer, and public to the marketer through information that is used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process
marketing analysis
the selection and analysis of a group of people, identified as a target market, which the organization wants to reach; includes the creation and maintenance of an appropriate marketing mix that will satisfy those people
manufacturing/production concept
based on the belief that customers favor products that are available and highly affordable; thus, companies should focus on production and distribution efficiency
product concept
based on the belief that customers prefer existing products and product forms; thus, companies should develop good versions of these products
selling concept
based on the belief that customers will not buy enough of the organization's product unless the organization undertakes a large selling and promotion effort
marketing concept
based on the belief that organizations should determine the needs and wants of target markets and deliver desired satisfaction more effectively and efficiently than competitors
societal marketing concept
based on the belief that organizations should determine needs and wants of target markets and deliver desired satisfaction more effectively and efficiently than competitors in a way that maintains or improves the consumer's and society's well-being
marketing mix
combination of product, price, distribution, and promotion developed to satisfy a target market
promotion
use of communication to inform and influence consumers
brand
name, term, design, symbol, or feature that identifies one seller's good or service as different from another's
brand equity
value of a brand
brand loyalty
repeated customer purchase of a specific brand
customer loyalty
frequency with which a customer consistently purchases a specific brand
customer satisfaction
positive, neutral, or negative feelings about the value received from a product
a critical output of the foodservice system; involves the perceptions of customers related to the food they were served, the service that was provided to them, and the atmosphere in which it was provided.
target market
for which an organization creates products/services
market segmentation
division of total market into groups of customers who have similar needs, wants, values, and buying behavior
demographic variables
population characteristics that might influence product selection, such as age, gender, race, ethnicity, income, education, occupation, family size, family life cycle, religion, social class, and price sensitivity
geographic variables
include climate, terrain, natural resources, population density, and subcultural values that influence customers' product needs
psychographic variables
motives and lifestyle characteristics
niche marketing
focuses on identifying small but profitable segments of the market and making products specifically for this segment
micromarketing
marketing to the single customer, the smallest niche
intangibility of services
inability of services to be seen, touched, tasted, smelled, or possessed before buying
inseparability
inability to separate production and service
heterogeneity of service
variation and lack of uniformity in the performance by different service employees
perishability of services
services cannot be stored for future sale
atmospherics
physical elements in an operation's design that appeal to customers' emotions; ex. lighting, walls, cleanliness, furniture, restrooms, and sensory elements such as color, smell, and sound
employee satisfaction
beliefs and feelings an employee has about his or her job
sensory analysis
science that measures the texture, flavor, and appearance of food products through human senses
menu engineering
a management information tool that focuses on both the popularity (menu mix) and the profitability (contribution margin) of menu items
decision trees, cost-benefit, and networks
game theory, queuing theory, simulation, and artificial intelligence
what are the different decision-making techniques?
interacting groups, delphi groups, nominal groups, and focus groups
what are the methods for group decision making?
Ignoring Nonverbal Cues
Becoming Emotional
Cultural Differences
Linguistics
Hearing an Expected Message
Ignoring Conflicting Information
Differing Perceptions
Evaluating the Source
Interpreting Words Differently
What are some potential barriers to communication?
Feedback, many channels, face-to-face communication, sensitivity to receiver, awareness of symbolic meanings, careful timing, reinforcing words with action, simple language, and repetition
what are some techniques for improved communication?
Paralanguage
Chronemics
Proxemics
Oculesics
Olfactics
Haptics
Kinesics
Chromatics
Silence
what are some cultural factors that influence communication?