Explain Why Smaller Innovative Firms Can Be More Competitive Than

question 153

Essay

Explain why smaller innovative firms can be more competitive than established, large bureaucracies.

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Definitions:

Digitally Mediated Training

Training programs that are delivered through digital platforms, including online courses and virtual training sessions.

Piece-Rate

A payment method where employees are compensated based on the amount of work completed, rather than hours worked.

Salesperson's Quota

A target set for a salesperson, defining the amount of sales that they are expected to achieve within a specified period.

Order

A request made by a customer for the supply of goods or services, which typically leads to a legal obligation for fulfillment by the seller.