Examlex
The classical assumption that labor markets clear makes it difficult for that model to explain recessions.
Frame-bending Change
Significant transformation within an organization that alters the existing structures or methods, but does not completely overhaul the organizational framework.
Top-down Change
An approach to organizational change where decisions and initiatives are initiated by higher-level management and disseminated downwards through the hierarchy.
Senior Staff
Employees who hold high-ranking positions within an organization, often responsible for decision-making and strategic planning.
Major Redirection
Significant strategic or operational shifts undertaken by an organization to address changing circumstances, challenges, or opportunities.
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