Examlex
The operating cycle is the amount of time the firm's cash is tied up between payment for production inputs and receipt of payment from the sale of the resulting finished product.
Flow Of Authority
The structured path along which formal power is passed down within an organization, dictating who reports to whom.
Mechanistic Approach
A perspective that views systems, including organizations, as machine-like, with rigid structures and clearly defined functions.
Organizational Development
A planned, organization-wide effort to increase an organization's effectiveness and viability, often involving interventions in its processes, operations, or culture.
Sociotechnical System
A method for designing sophisticated organizational work that acknowledges the relationship between individuals and technology in the workplace.
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