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What is a key expected benefit of reengineering and less bureaucracy in organizations?
Innovation
The introduction of new products, ideas, or processes that improve methods or bring novel solutions to the market.
Soviet Union
A former socialist state in eastern Europe and northern Asia, existing from 1922 to 1991.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating behavior of the marketplace, where individual self-interests inadvertently contribute to the economy's overall health.
Childcare Center
A facility that provides care and education to young children during the working hours, facilitating parental employment.
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