The Two Approaches to Maintaining Flexibility in Organizations While They

question 30

True/False

The two approaches to maintaining flexibility in organizations while they plan are outcome-based planning and change-based planning.

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Definitions:

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors, often leading to greater market share or profitability.

Organisational Change

The process by which organizations transform their structure, strategies, operational methods, or culture to cope with internal and external challenges.

Innovation

The act of introducing something new, such as an idea, method, or device, that is designed to improve efficiency, effectiveness, or competitive advantage.

Learning Organisations

Organizations that actively cultivate, facilitate, and encourage the continuous learning and development of their members to adapt and innovate.