The New Business Environment's Driving Forces Include Continual Change, the Reduced

question 67

True/False

The new business environment's driving forces include continual change, the reduced need for physical assets, vanishing distance and compressed time, and increased vulnerability.

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Definitions:

Principle of Reciprocity

A social norm suggesting that a favor done for someone should be reciprocated by them in the future.

Pareto Principle

Also known as the 80/20 rule, it suggests that 80% of effects come from 20% of causes, applicable across various fields.

Equity Theory

A psychological theory which proposes that employees are motivated when they perceive their treatment in the workplace as fair, especially in how rewards are distributed.

Fairplay Rule

An ethical guideline ensuring fairness and honesty in transactions and interactions, often in sports or business.