Describe Three of the Types of Managerial Tasks That Self-Managed

question 137

Essay

Describe three of the types of managerial tasks that self-managed teams are empowered to perform and the effect of their performance on productivity.

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Definitions:

New Ventures

Refers to the initiation of new business activities or startup companies.

Capital Improvements

Expenditures relating to the upgrade, enhancement, or expansion of physical assets, increasing their useful life or value.

Expansion

Expansion refers to the phase of business growth and economic development where a company or economy sees an increase in scale, output, or market reach.

Negative NPV

A condition where the net present value of all cash flows associated with a project or investment is negative, indicating that it is not financially viable.