Examlex
Hardluck Harry has a batting average of .200 (i.e., a 20 percent chance of a hit each time he's at bat) . Scouts for a rival baseball club secretly observe Harry's performance in 12 random times at bat. What is the probability that Harry will get more than 2 hits?
Value Chain Analysis
A strategic analysis tool that maps out the sequence of activities an organization performs to create value for its customers.
Continuous Improvement
An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Core Processes
Fundamental business processes that are critical to an organization's operation and delivery of its products or services to customers.
Organisation's Mission
The fundamental purpose that defines an organization's core goals and directs its strategic planning.
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