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In Most High-Tech Industries, the Best Way to Respond Quickly

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In most high-tech industries, the best way to respond quickly to rapid technological changes is to keep most authority and responsibility in the hands of a few key managers who provide precise, detailed directions to the workers.


Definitions:

Planned Objectives

Strategic goals set by a business or organization to guide its operations and decisions.

Controllable Margin

The portion of profit or margin that can be directly influenced by managing the controllable costs in a business.

Operating Results

The financial outcomes of a company's core business activities, excluding non-operating revenues and expenses, reflecting its operational efficiency.

Required Rate of Return

The minimum annual percentage return an investor expects to earn when investing in a particular asset or project.

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