In Revolutionary Change, the Enduring Features of an Organization's Design

question 90

Short Answer

In revolutionary change, the enduring features of an organization's design, processes, and relationships with the external environment are ______________.

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Definitions:

Factor Markets

Markets where productive resources (like labor, land, and capital) are bought and sold.

Product Markets

Markets where final goods or services are bought and sold, as opposed to factor markets where raw materials, labor, and capital are traded.

Entrepreneur

A person who organizes, manages, and assumes the risks of a firm, taking a new idea or a new product and turning it into a successful business.

Monopolist

An individual or entity that holds exclusive control over the supply of a particular good or service, potentially manipulating market conditions.