New Communication Technology Can Impact Seemingly Unrelated Industries Such as the Airline

question 15

Multiple Choice

New communication technology can impact seemingly unrelated industries such as the airline industry.This would be an example of a

• A) threat of entry.
• B) backward integration.
• C) threat of substitute products.
• D) forward integration.

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Definitions:

Reward System

Mechanisms within an organization designed to recognize and reinforce employee behavior, contributing to the achievement of company goals.

Corporate Philosophy

The fundamental values, beliefs, and principles that guide an organization's decision-making and behaviors, shaping its culture and identity.

Bureaucratic Organization

A formal organizational structure characterized by a clear hierarchy, strict rules, and specialized roles, often found in governments and large corporations.

Flatter Organization

An organizational structure with fewer hierarchical levels, encouraging more direct communication and collaboration.