Amazon's Original Concept of Operating Without Inventory Has Given Way

question 57

Short Answer

Amazon's original concept of operating without inventory has given way to a model in which Amazon is a world-class leader in ________.

Understand organizational culture and its informal and formal expressions.

Distinguish between different types of departmentalization and their implications.

Understand the principles of decentralization and centralization.

Recognize the importance of accountability and authority delegation in organizational structures.

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Definitions:

George H.W. Bush

The 41st President of the United States, serving from 1989 to 1993, and the father of the 43rd President, George W. Bush.

Experience in Foreign Policy

The extent of knowledge and practical engagement an individual or entity has in managing international relations and negotiations.

End of Communism

The collapse of communist governments across Central and Eastern Europe, most notably marked by the fall of the Berlin Wall in 1989.

Pace of Globalization

The rate at which economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade.