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The Four Key Elements That Make the Current Business Environment

question 35

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The four key elements that make the current business environment different from the past include globalization, technological change, the importance of knowledge and ideas, and collaboration across organizational "boundaries."


Definitions:

Promisee

A person to whom a promise is made.

Legal Obligations

Duties enforced by law, requiring individuals or organizations to act or refrain from acting in a certain manner.

Ratified

Confirmed or made official an agreement, treaty, or contract by expressing formal approval or consent.

Reverse-Engineers

The process of analyzing a product's system, component, or module to determine how it operates in order to replicate or enhance the object.

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