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Brown and Green are forming a business as partners.If they do not create a formal written partnership agreement, what risks are they exposing themselves to?
Strategy Formulation
The method of determining the course of an organization and deciding on the distribution of its resources to follow that plan.
Strategy Implementation
The action phase of strategic management, involving the execution of planned strategies to achieve organizational objectives.
Information Technology
The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.
Institutional Memory
The collective knowledge and history held within an organization, enabling it to learn from past experiences and decisions.
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