When an Organization Focuses on Minimizing Losses It Is Following

question 39

True/False

When an organization focuses on minimizing losses it is following a low-cost strategy.

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Definitions:

Organizational Effectiveness

Refers to how efficiently and effectively an organization meets its goals and satisfies its stakeholders.

Structural Holes

refer to gaps between nodes in social networks, where the absence of direct ties between two parts of a network can create opportunities for information brokerage.

Organizational Divides

Structural, cultural, or communicational barriers within an organization that hinder collaboration and efficiency across departments or teams.

Functional Gaps

Refers to discrepancies between the current capabilities of an organization and the capabilities needed to achieve its objectives.