The Fact That Many Firms Are Too Production-Oriented and Inefficient

question 56

True/False

The fact that many firms are too production-oriented and inefficient is one reason so many new products fail.

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Definitions:

Organic Structures

Flexible and adaptive organizational structures that are characterized by decentralized authority, low levels of formalization, and high levels of horizontal communication.

Organisational Design

The process of structuring an organization's roles, responsibilities, and systems to achieve its goals and strategy effectively.

Loose-Tight Structure

An organizational approach that combines flexible, adaptive elements with strict, controlled processes to manage complexity.

Production Efficiency

The optimization of production processes to produce goods or services in the most cost-effective and time-efficient manner.