Examlex
A vision statement differs from a mission statement in that it includes both the purpose of the company as well as the basis of competition and competitive advantage.
Functional Design
The aspect of design focused on the practical and operational use of a product, ensuring it performs its intended function efficiently.
Employee Understanding
The extent to which employees comprehend their job roles, organizational objectives, and the expectations placed upon them.
Direct Contact
Interaction between individuals or entities without intermediaries, allowing for immediate communication or transfer of substances or forces.
Focused Strategy
A business approach where a firm chooses to target a specific market niche, concentrating its resources on serving that segment to the exclusion of others.
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