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