Examlex
Explain the concept of hierarchy of work. Why is it useful in process design activities?
Technological Factor
An aspect of the external environment that represents how advances in technology can impact business operations and market competitiveness.
PEST Analysis
A framework used to analyze and monitor the macro-environmental factors that may have a profound impact on an organization's performance. This includes Political, Economic, Social, and Technological factors.
Advancement Of Infrastructure
The improvement or upgrading of the foundational physical and organizational structures needed for the operation of a society or enterprise.
Licensing
The process of granting permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions.
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