Examlex
Identify and state the historical significance of the following:
-World Trade Organization (WTO)
Adaptive Framework
A flexible structure or system designed to accommodate change and enable adjustments in response to new conditions or challenges.
Prospector Strategy
A business strategy that focuses on innovation, exploring new markets, and seeking out new opportunities, often characterized by a willingness to take risks.
Innovation
The process of creating new ideas, products, or methods, which bring about significant positive change or improvement.
Retrenchment
The process of reducing staff or costs within an organization as a strategy to improve its financial position.
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