The _______________________________ Principle Suggests That Management Should Structure the Firm

question 77

Short Answer

The _______________________________ principle suggests that management should structure the firm around the work it performs rather than around individuals with unique skills.

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Definitions:

Build-To-Order

A manufacturing process where products are created only after receiving a customer's order, allowing for customization.

Manufacturing

The process of producing goods using raw materials, machinery, and labor.

Customer Order

A request made by a customer for a specific product or service from a business.

Mass Customization

Mass customization is a manufacturing and business strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.