Please Define the Concept of Lateral Communication

question 98

Essay

Please define the concept of lateral communication.

---

Definitions:

Equilibrium

A state in a market where supply equals demand, and there is no external pressure for the situation to change, resulting in a stable market condition.

Supply and Demand

The basic economic principle describing the interplay between the availability of a good or service (supply) and the desire for that good or service (demand).

Organizational Life

Refers to the existence, evolution, and functioning of organizations, including their culture, structures, processes, and interactions within and with their environment.

Worker Involvement

The practice of including employees in the decision-making process and allowing them input on matters that affect their work and the workplace.