Describe the Typical Aspects of a Self-Managed Team and the Benefits

question 65

Essay

Describe the typical aspects of a self-managed team and the benefits that their use can bring to an organization.

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Definitions:

Greater Value

The higher worth or significance of something, often due to its usefulness, rarity, or quality.

New Small Business

A recently established company that operates on a smaller scale compared to larger corporations.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, serving as the main source of revenue for the company.

Intellectual Capital

The intangible assets of a business, including human knowledge, relationships, and organizational processes, that contribute to its competitive edge.