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During the past four years, Portfolio X has had a mean return of 4.3% per quarter and beta of .9. During the same time period, the market averaged a 4.6% return, and 90 day treasury bills averaged a 1.6% return. Compared to the ex post SML,
System Upgrade
The process of replacing a software system with a newer or better version to improve its functionality or performance.
Outsourcing
Involves contracting out certain business processes or functions to external parties or vendors, often to reduce costs, access specialized skills, or improve efficiency.
Incremental Change
Gradual modifications or adjustments made over time to improve a system or process.
Organizational Change Pyramid
A model that represents the various layers of change that must occur for an organization to transform, often including aspects like strategy, culture, and processes.
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