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When Eric Schmidt Joined Google™,one of the Most Successful Companies

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When Eric Schmidt joined Google™,one of the most successful companies of this decade,he tackled the organization function head-on.In speaking at a large conference with Google founders,Sergey Brinn and Larry Page,he commented that Google was running pretty well,"it just needed a little structure." Schmidt was referring to basic organization principles such as division of labor,specialization,and getting the departments up and running.
Basic organization principles include division of labor,specialization of tasks,and departmentalization.


Definitions:

Quoted Price

The stated price at which an asset or service can be bought or sold in the market.

Semi-Annual Interest

Interest on a loan or investment calculated twice a year.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Semi-Annual Coupon

A bond or fixed-income security that pays interest to its holder twice a year.

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