Please Define the Following Key Terms

question 21

Short Answer

Please define the following key terms
-Emperor Sejong

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Definitions:

Open Systems

A concept in organizational theory and systems theory that views organizations as entities that interact with their environment, adapting and evolving as a result.

Contingency

The possibility that future events may occur, often dependent on certain conditions or situations, which can influence planning and decision-making.

Open Systems

An approach that views organizations as entities that interact with their environment, adapting and changing in response to external factors.

Intellectual Capital

The intangible value of an organization's knowledge, skills, innovations, and processes, contributing to its competitive advantage.