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Improving Business Processes by Reengineering Them,benchmarking Specific Activities Against Industry

question 23

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Improving business processes by reengineering them,benchmarking specific activities against industry leaders,encouraging employee input to identify excess costs,increasing capacity utilization,and improving employee productivity lead to a significant overall gain.These are examples of which turnaround strategy used by successful companies?


Definitions:

Employee Voice

The ability of workers to express their opinions, concerns, and suggestions for improvement within their workplace.

Majority

Majority refers to more than half of a particular group or the greater part of a total number, often used to describe the requirement for decision-making in democratic processes.

Collective Bargaining

The process where union representatives negotiate with employers on behalf of employees to establish wages, working conditions, and other employment terms.

Workers' Rights

Encompass a range of legal rights and protections afforded to workers, including the rights to safe working conditions, fair pay, and freedom from discrimination.

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