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The calculation for the average payment period is very similar to average collection period and average age in inventory.
External Environment
Conditions and factors outside an organization that can affect its performance and strategies.
Strong Corporate Cultures
Corporate environments characterized by deeply ingrained values, beliefs, and behaviors shared by members, which influence decision-making and actions.
Higher Performance
The achievement of exceeding standard levels of efficiency, productivity, and effectiveness in tasks or goals.
Organizational Stories
Narratives shared among members of an organization that embody its values, norms, and culture, often used to guide behavior and decision-making.
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