Closed Loop Management Definition
The closed loop management definition is the process of managing feedback loops in order to constantly improve a system. The feedback loop is the process of gathering data, analyzing it, and then using that information to make changes to the system. The goal of closed loop management is to make sure that the system is constantly improving based on feedback.
There are four steps in closed loop management:
1. Collect data: This step involves gathering data from various sources. This data can come from customers, employees, or other stakeholders.
2. Analyze data: Once the data has been collected, it needs to be analyzed in order to identify trends and patterns.
3. Use data to make changes: Based on the analysis, changes need to be made to the system in order to improve it.
4. Evaluate results: After making changes, it’s important to evaluate the results in order to see if they were effective. If not, the process starts over again at step one.
