Examlex
The time factor is not taken into account in selecting a communication medium.
Failure Rate
The proportion or frequency at which an event, such as an error or breakdown, occurs within a specific period or among a specified set of entities.
Strategic Leadership
Leadership that involves making decisions that enhance the prospects for long-term success of the organization, while maintaining financial stability.
Succession Plan
A strategy devised by organizations to identify and develop individuals to fill key leadership positions in the future, ensuring continuity and minimizing disruptions.
First-Mover Advantage
The competitive edge gained by a company that is the first to enter a particular market with a product or service.
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