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Explain the life-cycle theory of portfolio policies.
External Changes
Alterations in the environment outside an organization that affect its operations, strategies, and success.
Employee Preferences
The specific desires or choices of employees, often regarding workplace conditions, benefits, and types of work.
Operation Efficiency
Refers to the ability of an organization to minimize waste and use resources in the most effective manner to produce goods and services.
Machine Bureaucracy
An organizational form characterized by high specialization, a detailed division of labor, a hierarchy of authority, and a rigid set of rules and regulations.
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