Critically Evaluate the Following Statement

question 52

Essay

Critically evaluate the following statement. "As consumers increase their demand for hybrid vehicles in response to high gasoline prices this is leading to higher prices for these sames cars. This inevitably would lead to inflation."

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Definitions:

Reengineering

Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.

Streamline

The process of simplifying or eliminating unnecessary steps to make a system or process more efficient and effective.

Organizational Development

A planned effort to increase an organization's effectiveness and viability through interventions in its processes and structures.

OD Techniques

stands for Organizational Development Techniques, which are strategies and methods used to improve organizational effectiveness and employee well-being.