What Are the Four Techniques Used to Change a Firm's

question 64

Essay

What are the four techniques used to change a firm's environment?

---

Definitions:

Innovation

The process of creating new ideas, products, or methods that bring improvement or address specific challenges.

Lateral Communication

The exchange of information between individuals at the same hierarchical level within an organization.

External Stakeholders

Individuals or groups outside of an organization who are affected by its activities and decisions, such as customers, suppliers, and the community.

Internal Differentiation

The division of labor and specialization within an organization that creates distinct roles and responsibilities.