Examlex
The number of full units that could have been completely produced with the effort expended are known as:
Incrementalism
A policy or strategy of making gradual changes or taking small steps instead of large, drastic actions.
Emergent Strategies
Emergent strategies develop over time as managers learn from and respond to experience.
Managerial Learning Curve
The process by which managers gain experiential knowledge that improves their decision-making, efficiency, and effectiveness over time.
Unrelated Diversification
A business strategy where a company expands into industries or markets that are not related to its existing business activities.
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