Radical Change Occurs in Industries When an Innovation Results in the Obsolescence

question 32

True/False

Radical change occurs in industries when an innovation results in the obsolescence of previous technology and drives old-line companies out of business. ​

Examine the role of legislation in balancing efficiency, equity, and voice in labor relations.

Understand the significance of landmark court cases in shaping labor law.

Recognize the legal frameworks surrounding collective bargaining and union activities.

Analyze the impact of labor legislation on the dynamic between employers, employees, and unions.

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Definitions:

Span of Control

Span of Control describes the number of subordinates or tasks that a manager or leader can effectively oversee, manage, or control directly.

Formalization

The extent to which rules, procedures, job roles, and communications within an organization are written and explicitly articulated.

Close Supervision

refers to a management approach where managers or supervisors closely monitor and direct the activities of their subordinates, ensuring tasks are performed accurately and efficiently.

Complex Environment

refers to situations or systems that are intricate and difficult to understand or predict due to numerous interdependent elements and variables.