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The management team felt that the product development team was working too slowly so they hired more people. Three months later, the management team was frustrated because product development was still slow. That's when they realized that the team was slow because manufacturing wasn't able to produce prototypes. What did the management team fail to recognize in the organizational diagnosis?
Nonprofit Organizations
Organizations that may provide goods or services but do not have the fundamental purpose of earning profits.
Organizational Chart
A visual diagram that represents the structure of an organization, showing ranks and relationships between departments and positions.
Financial Assets
Instruments that represent an entity's right to receive cash or another financial asset from another entity, including stocks, bonds, and bank deposits.
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