A popular method by which organizations worldwide undergo restructuring efforts to remain competitive. It involves fundamental rethinking and radical redesigning of a business process so that a company can best create value for the customer by eliminating barriers that create distance between employees and customers.
More from this Section
- Boards of directors
The strategic managers at the highest level are responsible for decisions that affect the entire firm, commit the firm and its resources for the longest periods, and declare the firm’s sense of values.
- Democratic style
Democratic style described a leader who involves employees in decision making, delegates authority, and uses feedback as an opportunity for
- Leader-member relations
Leader-member relations are one of Fiedler’s situational contingencies that described the degree to which job assignments were formalized and
Perceived incompatible differences that result in interference or opposition. If people in a group perceive that differences exist, then there
- Global Industries
An industry in which competition crosses national borders on a worldwide basis. In fact ,it occurs on a worldwide basis.
- First-line managers
First-line managers are at the lowest level of management. First-line managers refer the managers who manage the work of non managerial employees who typically are involved with producing the organiz
- Moral right approach
judging the appropriateness of a particular action based on a goal to maintain the fundamental rights and privileges of individuals and groups.