Asked by Pannu Jassi on Apr 25, 2024
____ is a low-probability, high-impact event that can seriously harm the company.
A) Feedforward control
B) An executive reality check
C) The PDCA cycle
D) Deming management
E) An organizational crisis
Low-Probability
Referring to events or outcomes that have a small chance of occurring, often used in risk assessment and decision-making processes.
High-Impact Event
A significant occurrence that has a major influence or effect on an individual, group, organization, or system.
Organizational Crisis
A significant threat to operations that can have damaging consequences if not managed properly, requiring immediate and effective responses.
- Gain an understanding of the fundamental concepts and different forms of control mechanisms in organizational contexts.
Learning Objectives
- Gain an understanding of the fundamental concepts and different forms of control mechanisms in organizational contexts.
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