Examlex
The 5Ss-sort/segregate, simplify/straighten, shine/sweep, standardize, and sustain/self-discipline-are important to lean production because they act as a means to reduce waste.
Organisational Collusion
A situation where individuals within an organization conspire to act in a way that is against the rules or best interests of the organization.
Horizontal Integration
A strategy where a company acquires or merges with its competitors to increase its market share or product offerings.
Adaptive Framework
A flexible structure or system designed to accommodate change and enable adjustments in response to new conditions or challenges.
Prospector Strategy
A business strategy that focuses on innovation, exploring new markets, and seeking out new opportunities, often characterized by a willingness to take risks.
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