Examlex
Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence.The firm went bankrupt when people began taking digital pictures.Polaroid provides a great example of Porter's threat of new entrants.
Merit Pay System
A compensation strategy that rewards employees based on their performance and achievements rather than their role or seniority.
Performance Measures
Quantitative or qualitative metrics used to evaluate the efficiency and effectiveness of an individual, group, or organization's operations against defined objectives.
Agreed Upon
A decision or plan that has been accepted and consented to by all parties involved.
Gain-sharing
A performance-based compensation strategy where employees receive bonuses based on the improvement of company metrics.
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