Suppose You Are Convinced That You Have a Product/service That

question 66

Essay

Suppose you are convinced that you have a product/service that has a huge overseas potential but your funds are limited and you do not wish to seek partners, investors, or creditors to exploit the opportunity. What can you do?

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Definitions:

Span of Control

describes the number of subordinates a manager or supervisor can directly control or oversee effectively.

Traditional Management Theorists

Scholars and practitioners from the past who developed foundational principles and practices of management and organizational structure, focusing on efficiency and hierarchical control.

Formal Hierarchy

An organizational structure that defines a clear arrangement of roles, responsibilities, and power within an organization, typically visualized in a pyramid shape.

Non-Routine Situations

Scenarios or circumstances that deviate from the regular, expected, or standardized processes.