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The Two Universal Approaches to Organization Design That Represent the Foundation

question 7

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The two universal approaches to organization design that represent the foundation of what we know about organization design are


Definitions:

Scarce Resources

Natural or human resources that are limited in supply and cannot fulfill all wants and needs due to their finite availability.

Free Lunch

An idiom expressing the idea that it is impossible to get something for nothing; in economics, it refers to the impossibility of getting a benefit without a cost.

Scarce

Limited in availability relative to the demand.

Taxpayers

Individuals or entities that are required to pay taxes to a government body, based on their income, property, or purchases.

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