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Why does private placement of securities appear to be more popular with small- or medium-sized firms?
Narrow Spans of Control
An organizational structure where each manager has a limited number of direct reports, allowing for more intimate supervision and engagement.
Adaptive Organization
An organization that operates with a minimum of bureaucratic features and encourages worker empowerment and teamwork.
Continuous Adaptation
The ongoing process of adjusting and modifying responses or operations in reaction to changing environments or circumstances.
Learning Organization
An organization that facilitates the learning of its members and continuously transforms itself to achieve superior performance.
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