Examlex
The legal mechanism by which inefficient firms may leave the market is
Common Goal
A shared objective or aim that unites members of a group or team, encouraging collaborative effort.
High Failure Rate
The condition where a significant percentage of attempts or endeavors (such as projects, products, or businesses) do not meet expected success criteria within a certain timeframe.
Organization
A structured group of people who work together to achieve a particular goal or set of goals.
Succession Planning
The process of identifying and developing new leaders who can replace old leaders when they leave, retire or die.
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