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.