Performance Management

Goldbrick
Goldbricking is a term used to describe the act of shirking one's responsibilities. It implies that a person is avoiding their duties and wasting time instead of performing the tasks expected of them.
Job Description
A detailed analysis and documentation of all the duties, responsibilities, conditions, and parameters required for the execution of a specific job.
Management by Objectives (MBO)
A management technique in which all levels of management are encouraged to specify quantitative and/or qualitative objectives to be achieved within a set period. Managers must then answer to higher levels of management for the actual performance achieved against these objectives.
Operational Control
Operational control refers to the power of management over the daily activities of a business, guiding its day-to-day operations, resources, and performance.
Operational Objectives
Operational objectives are short-term organizational goals that are necessary to achieve longer-term tactical and strategic aims. Managed by supervisory personnel, these objectives focus on delivering immediate results.
Spot Check
A supervisory check on work performance or product quality conducted at random intervals to ensure a high level of performance and quality.

Accounting Terms Lexicon

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