Examlex
Which type of structure was used by Nestle to tailor products to regional differences and to achieve regional coordination?
Satisficing
Establishing an adequate level of acceptability for a solution to a problem and then screening solutions until one that exceeds this level is found.
Bounded Rationality
A concept suggesting that when individuals make decisions, their rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
Perceptual Defence
The psychological mechanism by which individuals unconsciously filter out or modify distressing information to protect themselves.
Functional Specialty
An area of expertise or a department within an organization that focuses on a specific function or discipline, such as marketing, finance, or human resources.
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