Many Companies Are Beginning to Realize That They Are Not

question 150

Essay

Many companies are beginning to realize that they are not really market and customer driven, they are product and sales driven. In the attempt to transform themselves into true market-driven companies, many firms must change. Describe and explain what changes are necessary.

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Definitions:

Tight Security

A stringent level of security measures and protocols intended to prevent unauthorized access, breaches, and ensure the protection of information or premises.

Realistic Job Previews

A hiring practice where prospective employees are given an accurate glimpse of what working in a particular job or organization will be like, including both positive and negative aspects.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting company morale, productivity, and potentially costs.

Performance-Related Pay

A compensation strategy where an employee's salary or wages are based directly on performance or productivity.