Examlex
______ theories are not generated or stated prior to a study but, rather, are developed inductively from the data that are collected and analyzed during the study.
Transformation Strategy
A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.
Efficiency
The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.
Flexibility
The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.
Process Redesign
The fundamental rethinking of business processes to bring about dramatic improvements in performance.
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