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Virtual Organization
A company that primarily operates through electronic communication and does not have a physical central location, relying on the Internet and other technological means to function.
Efficient Bureaucracy
A system of organization that is effectively structured with clear rules and procedures to ensure maximum productivity and efficiency.
Low-Cost Leadership
A business strategy focused on becoming the lowest cost producer in an industry for a certain level of product quality.
James D. Thompson
A sociologist known for his contributions to organizational theory, particularly for his work on organizations as open systems.
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