Examlex
When structural change occurs early in a change process, employees can be confused by its purpose, unsure of what new competencies are being required, and unwilling-or unable-to make appropriate alterations in behavioral patterns.
Core Values
Fundamental beliefs or guiding principles that shape an individual's or organization's decisions, actions, and behaviors.
Profit Equation
A financial formula used to calculate a company's profits, typically represented as Total Revenues minus Total Expenses.
Fixed Cost
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.
Variable Cost
Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.
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