Examlex
What three characteristics must an asset have in order for it to be classified as property, plant and equipment?
Porter's Generic Strategies
Framework proposed by Michael Porter that outlines three strategic options available to organizations to gain competitive advantage: cost leadership, differentiation, and focus.
Total Quality Management
A comprehensive management approach focusing on continuous improvement of processes, products, and services by involving all employees to enhance customer satisfaction.
Business Ecosystems
A dynamic network of interconnected organizations, including suppliers, distributors, customers, and even competitors, that co-evolve and create value through collaboration and competition.
Synergies
The collaboration or concurrence of two or more entities, materials, or factors that leads to a cumulative result surpassing the total of their distinct effects.
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