Examlex
The re-engineering process requires reorganization around horizontal processes; the executive team knows this announcement will create resistance to change and stress in the organization.Because this change does not have to be announced for another few months,it is agreed the weekly blog will not report on this matter.This strategy for overcoming resistance to change is called
Licensing
A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.
Royalties
A share of the income of a business paid by a franchisee to the franchisor.
Innovation
The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.
C Corporation
An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.
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