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What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 40 percent, 30 percent, 20 percent, 5 percent, 3 percent, and 2 percent?
Designing Organizations
Designing organizations involves structuring and aligning the various parts of an organization in a way that matches its strategy, enhances efficiency, and facilitates management and operational processes.
Departmentalization
The process of dividing an organization into different departments or units, each specializing in a specific area of operation.
Organizational Structure
The system used to define a hierarchy within an organization, determining how roles, responsibilities, and authority are organized and how information flows between the levels of management.
Functional Structure
A type of organizational structure where the company is divided into departments or teams based on specialized functions, such as marketing, finance, or production.
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