Section 4
Modern Thinking
By Boundless
Quantitative tools are used by management to determine where a company is doing well or struggling compared to the industry and competitors.
Six Sigma and Lean are two popular operations-management theories that help managers improve the efficiency of their production processes.
Systems thinking is an approach to problem solving that considers the overall system instead of focusing on specific parts of a system.
The contingency viewpoint of management proposes that there is no standard for management; instead, management depends on the situation.
Quality assurance and quality control are intended to ensure that products are created with the fewest number of defects possible.
Evidence-based management emphasizes the importance of managers using the scientific method to make decisions.