Examlex
What are three of the management science techniques that practitioners use most frequently? How can the
effectiveness of these applications be increased?
Concession Bargaining
A negotiation process where labor unions agree to give up previous benefits in exchange for something else, often to avoid worse outcomes.
Decline of Manufacturing
Refers to the decrease in the production of goods in factories and the reduction of jobs in the manufacturing sector, often due to automation, globalization, and shifts towards a service-based economy.
National War Labor Board
A historical government agency established during wartime to resolve labor disputes and ensure efficient production and labor harmony.
Institutionalizing
The process of embedding certain practices, norms, or policies within an organization, making them an established part of its culture or structure.
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