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Refrigerators, ovens, washing machines, and dryers built since 2000 are expected to last 8-12 years, while those built in the 1970s and 1980s lasted 20 years or more.This shift in product life is an example of
Intermediate Planning
The process of setting medium-term goals and determining the necessary steps to achieve them, usually positioned between strategic and operational planning.
Operational Planning
The process of planning specific day-to-day activities and resources required to achieve an organization's strategic goals, focusing on short-term actions and schedules.
Management By Objectives (MBO)
A management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.
Subordinates
Individuals who work under the command or supervision of someone in a higher position within an organization.
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