Organization Structure Defines the Formal Relationship Among People and Specifies

question 17

Short Answer

Organization structure defines the formal relationship among people and specifies their ___________ and _____________.

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Definitions:

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Competitive-Edge Strategies

Tactics and approaches utilized by companies to gain a superior position in the marketplace and outrun their competitors.

Environmental-Change Strategies

are approaches organizations adopt to adjust and thrive in response to changes in the external environmental factors.

Risk-Management Strategies

Approaches and practices for identifying, assessing, and mitigating risks to minimize their impact on an organization.