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EOPA CMurray2

TermDefinition
Value Creating Strategy A value creating is one in which the business seeks to edge out its competitors by gaining more market share
Value Neutral Strategy A business can employ a value neutral strategy when the organization isn't so much concerned with allocating resources and manpower
Value Reducing Strategy Happens on an organization wide level when the stakeholders or customers perceive that the business is getting too big for its britches
Ethical Dilemma Difference between right and wrong
Vulnerability Threats to the strengths of a company
Quality Control The process of a business that seeks to ensure the quality of their products
Chain of Command The order in which authority and power in an organization is wielded and delegated from top management to every employee at every level of organization
Scalar Principal of Management States that subordinates at every level should follow the chain of command and communicate with their seniors only through their immediate or intermediate senior
Created by: jump_cam
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