Parochialism viewing the world solely through one’s own eyes and perspectives and not recognizing that others have different ways of living and working. Parochialism leads to an inability to recognize differences between people.
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- Communities of practice
Communities of practice refers groups of people who share a concern, a set of problems, or a passion about a topic and who deepen their knowledge and expertise in that area by interacting on an ongoing basis.
- Clarifying strategic intent
Leaders clear sense of where they want to lead their company and what they expected to achieve.
- Preemptive right
Preemptive right is a shareholder’s right to purchase shares of a company’s new stock issues in proportion with the existing shares that he or she owns, before the new shares are offered to the general public.
- Concentric diversification
A grand strategy that involves the operation of a second business that benefits from access to the first firm’s core competencies.
- Value chain management
Value chain management is the process of managing the sequence of activities and information along the entire value chain. In contrast to
- Decision criteria
Criteria that define what’s important or relevant in resolving a problem, is called decision criteria.
- Leverage Ratio
Leverage ratio identify the source of a firm’s capital-owners or outside creditors. The term leverage refers to the fact that using capital with a fixed interest charge will “amplify” either profits or losses in relation to the equity of holders of common stock.