Examlex
Which of the following statements is true?
Organizational Structure Innovation
The process of redesigning an organization's structure, roles, and processes in innovative ways to adapt to changing environments, improve efficiency, and foster growth.
Process Innovation
Refers to significant improvements in the way an organization conducts its business, aiming to achieve better efficiency, effectiveness, and performance.
Sunk-cost Fallacy
The misconception that one should continue on a course of action because they have already invested resources (time, money, effort), regardless of the current and future costs.
Programmed Decisions
Decisions that are routine and repetitive, often made using predetermined rules and procedures.
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