Examlex
An appropriate strategy when an organization has excess production capacity is market development.
Organizational Change
The process by which companies or organizations change their structure, strategies, operational methods, technologies, or organizational culture to affect change within the organization or to respond to external influences.
Cost-Cutting Strategy
A business approach aimed at reducing expenses to improve overall profitability without compromising the quality of products or services.
Planned Organizational Change
Deliberate efforts to modify an organization's processes, culture, or structure to improve effectiveness.
Communicate
The act of conveying information, ideas, or feelings from one entity to another through various methods, including speech, writing, or non-verbal expressions.
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