Examlex
Which type of employee empowerment program is particularly prevalent in manufacturing organizations, where newer manufacturing strategies, competitive pressures, and advanced production technologies place added responsibility on shop floor employees?
Liquidation
The process of bringing a business to an end and distributing its assets to claimants, often occasioned by bankruptcy or dissolution.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Logical Incrementalism
A strategy and management philosophy where complex decisions are broken down into smaller, manageable parts, allowing for incremental problem solving and implementation.
Emergent Strategy
The plan that changes incrementally due to environmental changes.
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