Explain Why It Is Important for Managers to Have a Good

question 116

Short Answer

Explain why it is important for managers to have a good understanding of organizational behavior.

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Definitions:

Customer Data

Information about customers that companies collect, analyze, and store to understand their needs, behaviors, and preferences for strategic purposes.

Long-term Relationships

Long-term relationships refer to lasting partnerships or interactions between businesses and their stakeholders, aimed at mutual benefit and sustained over time.

Online Inventory Systems

Systems that manage the tracking of product quantities, orders, sales, and deliveries using internet-based software.

Value Driven

A business approach focused on creating and maximizing value for customers, stakeholders, and the organization through its products, services, and operations.