Examlex
'Conversation Marketing' occurs when customers use social media to start a discussion about companies to share stories.
Management Overhead Costs
Expenses related to the administration and general operations of a business that are not directly tied to specific project activities or production.
Mechanistic Design
An organization structure that is centralized, with many rules and procedures, a clear-cut division of labour, narrow spans of control, and formal coordination.
Decentralization
The distribution of administrative powers or functions across various levels and departments within an organization, promoting autonomy and flexibility.
Wider Spans Of Control
A management principle whereby a manager supervises a larger number of subordinates, which can lead to more autonomy but also requires more efficient communication.
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