The Streamlining of Business Processes to Increase Margin Is Key

question 89

True/False

The streamlining of business processes to increase margin is key to obtaining competitive advantage.

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Definitions:

New Learning

The process of acquiring knowledge or skills in an area previously unfamiliar to the learner.

Shares Power

Refers to a leadership or management style where authority and decision-making responsibilities are distributed among team members.

Empowerment

Process by which a manager shares power with team members, thereby enhancing their feelings of self-efficacy.

Self-managed Work Team

A group of employees who are responsible for managing and controlling all or most aspects of their work without direct supervision.