Examlex
Closing the loop in the area of business strategy means that:
Formal Structure
The official organization of roles, responsibilities, and communication channels within an organization.
Informal Structure
An unofficial network within an organization, built around personal relationships and social networks, rather than structured hierarchically.
Status Structure
The hierarchical organization of individuals within a group or society based on their status or rank.
Andes Survivors
Refers to the group of individuals who survived a plane crash in the Andes mountains in 1972, famously resorting to cannibalism to stay alive.
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