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Lance Crooger,the CEO of Heithz Co.,realizes that the company is losing its competitive advantage due to lack of transparency and communication within the organization.He notices that customers are shifting to competitors' products because of Heithz's lack of effective customer service-agents who are directly in touch with the customers did not have decision-making authority.After following the rational model of decision-making process,Lance concludes that decentralizing the organizational hierarchy will solve most of the problems and provide Heithz's customer service agents with decision-making ability,resulting in better services.However,Lance realizes that most of Heithz's senior management will be against this decision because they will feel that their subordinates will receive more power.Lance is now determining ways to tackle senior management resistance.Which step of the rational model is Lance presently in?
Private Company
A business entity held under private ownership with shares that are not traded publicly on the stock market.
Valid Probability
A valid probability is a numerical value that accurately represents the chance of a specific event occurring, adhering to the probability rules (ranging from 0 to 1).
Even-numbered Roll
In probability, a term referring to the outcome of rolling a die where the result is an even number (e.g., 2, 4, or 6).
Perfectly Fair
A term typically used in the context of games or algorithms to describe a condition where all participants have an equal chance of winning or an outcome is unbiased.
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