Examlex
A problem noted with empowerment from a cost perspective is that after workers are empowered, more managers are needed.
Samsung
A multinational conglomerate corporation headquartered in South Korea, known for its electronics, among other products and services.
Process Innovation
Refers to the implementation of a new or significantly improved production or delivery method.
Product Innovation
The process of developing and bringing a new product or an improved version of an existing product to the market.
Economics of Scale
Benefits in cost efficiency that organizations achieve through their operation size, leading to reductions in unit cost as the scale grows.
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