Examlex
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Strategy Formulation
The process of determining the best courses of action for achieving long-term organizational objectives and competitive advantage.
Division of Labour
The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency and productivity.
Vertical Dimension
Pertains to the hierarchical structure within organizations or systems, indicating levels of authority or rank from lower to higher.
Horizontal Dimension
In organizational contexts, it refers to the extent of collaboration and integration across different departments or functions within the company.
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