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Describe the five most common methods of departmentalization within an organization. Identify the advantages of each method.
Intellectual Capital
The intangible value of a business, generated from the company's human knowledge, relationships, systems, and proprietary information.
Workforce
The collective group of individuals engaged in work within an organization or the labor pool in a particular area or economy.
Deregulation
The process of removing or reducing government restrictions and rules from industries to promote competition and efficiency.
Technology Improvements
Enhancements and advancements in technological tools, systems, and methods that increase efficiency, productivity, or capabilities.
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